RBA Raises Rates
The Reserve Bank of Australia has increased the cash rate by another 0.25 percentage points, taking it to 3.60%.
The aim of these cash rate increases is to reduce inflation, which is currently at 7.4%, to the Reserve Bank's target range, which is 2-3%.
Judging by the statement the Reserve Bank released after its cash rate decision, we can expect more “tightening” – i.e. at least one more rate rise.
Subiaco finance brokers are here to help
Interest rate rises are here, but you don’t have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. We’ll 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.
