The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%.
In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns of a global recession.
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.
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.