RBA HOLDS RATES – OCT 2010

Posted by nick on October 6, 2010 in Latest News with No Comments


6-10-2010 – 1.06am

The RBA has announced that it will not increase the cash rate in Australia, given all current lenders another month to chew over the prospect of a rate rise. It seems that the global markets are of a concern for the RBA and that Australia, whilst performing strongly does not yet warrant the sting of another rate rise.

For many, the prospect of another $60-$70 per month on the average $300k home loan would have been challenging to swallow, as inflation in Australia may also be biting in the hip pocket.

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