No Changes To The Official Cash Rate: RBA

As expected, the Reserve Bank has confirmed that official cash rates will remain at 2.5% after an April 1 meeting, citing a strong housing market as a major factor for keeping the cash rate unchanged, according to their recent minutes released last Tuesday.

Economic activity for the past few months have been favorable for low interest rates, led by positive conditions in the housing sector, after recent data shows an increase in dwelling approvals. Board members of the Reserve Bank are also optimistic that the nation’s inflation and unemployment numbers are to remain stable for the coming months.

Read more about this on the Smart Property Investment website.