๐๐ป๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป ๐๐ฎ๐น๐น๐ ๐๐ผ ๐ฑ.๐ฐ%
Inflation has fallen for the fifth time in six months, according to new data from the Australian Bureau of Statistics, but itโs unclear what this will mean for home loan interest rates.
Inflation peaked at 8.4% in December, and has now fallen from 5.5% in May to 5.4% in June.
The Reserve Bank will meet on Tuesday August 1 to decide whether to leave the cash rate on hold or increase it โ which, in turn, would prompt lenders to increase their mortgage rates.
The reason the Reserve Bank has been increasing the cash rate for a year or so has been to reduce demand in the economy, and thereby drive down inflation to its target range of 2-3%.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
