The RBA has decided to leave the official cash rate unchanged at 1% as it continues to assess the impact of its June and July cuts.
In making this decision not to drop rates again the RBA will have considered emerging evidence of an improving housing market, supported by strong auction clearance rates in Sydney & Melbourne.
In the lead up to its October meeting there will be a strong focus on economic growth with fears that data due out tomorrow will show that expansion in the Australian economy is at its weakest point since the GFC.
An AFG broker is here to work through the different rates available from our wide panel of lenders with you 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.