The Reserve Bank (RBA) announced this week that it has decided to again leave the Official Cash Rate (OCR) steady at 6.25 per cent, bringing a sigh of relief to many homeowners.
The decision had been widely predicted by economists, after data from the Australian Bureau of Statistics last week showed the consumer price index (CPI) rose just 0.1 per cent in the March quarter for an annual rate of 2.4 per cent.
DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.
COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.
