As expected, RBA cash rate has increased for May

Reserve Bank of Australia

At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%.

An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week.

There was however speculation that the RBA may have delayed this increase until after the federal election and until it was satisfied there was evidence of sustainable wages growth.

Lenders can set rates independently of RBA movements and their responses to this rate hike may vary.

An AFG broker deals with multiple lenders every day, so they know just how flexible they can be to keep or win your business.

It never hurts to ask the question, so get in touch to review your options.

Broker Technology
Broker Guides

Download your AFG Information Book

Open the book on AFG and find out how we can partner with you to grow your business.

Services We Offer
Featured Post
Featured Calculators
Broker Guides

Customer Experience and Workflow Optimisation

Learn why creating repeatable customer experiences could be your biggest revenue growth opportunity.

The AFG Story

Find out how we’ve been helping Australians find a fairer deal for over 27 years.

How we're helping
Investor
Looking for the right loan?
Choose your loan type and start comparing products from our lender panel, read the latest finance tips and if you’re looking for expert help, we can put you in contact with an AFG Mortgage Broker.