RBA cash rate unchanged at 0.75%

Reserve bank of australia sign

The first cash rate decision for 2020 has been announced by the RBA with the rate unchanged at 0.75%, as it assesses the economic threat posed by the bushfire crisis and the coronavirus outbreak.

The Reserve Bank will have been encouraged by positive employment, inflation and house price figures and will be hoping these threats do not undo these recent gains.

Lenders continue to review rates independently of the RBA. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation.

There may be different rates available from our wide panel of lenders and an AFG broker is always available to ensure you have the right financial solution for your current and future circumstances.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch with an AFG broker.