Cash rate for April unchanged at 0.1%

The RBA met today and as predicted by most economic experts left the cash rate at 0.10%.

The RBA has previously stated that it does not expect rates to increase until it sees sustained wage growth and inflation returning to within its target range of 2-3%.

With growing speculation that APRA will be required to intervene to stem the country’s booming housing market, all eyes will be on the statement that follows today’s announcement for any change of tone.

Rates are at a record low and lenders continue to offer very competitive rates.

An AFG broker can answer your questions and look at your circumstances to make sure you’re prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because an AFG broker does this type of work every day, they have a pretty good idea what lenders can do to win or keep your business.

We’re here to help if you have any questions. Please don’t hesitate to get in touch with an AFG broker.