Integrity Finance

Statement by Philip Lowe, Governor: Monetary Policy Decision Announcement that the Board decided to leave the cash rate unchanged at 1.50 per cent.

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The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I'd like to share today's rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With a combination of retail deflation (ie the price of retail goods falling) and continued weak wages growth still impacting economic growth, the Reserve Bank have signaled that we can expect to see rates where they are for the time being. They have indicated however that they expect the next rate move to be an increase and are concerned about the potential shock that this may cause the economy.

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I'd like to share today's rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.

With wages growth remaining modest and concerns emerging around the impact retail deflation is having on the overall economy, interest rates are predicted to be steady for the majority of 2018.

Even though rates are unchanged, my role as a broker remains the same. There may be different rates available from our lenders, so I'm always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.