Interest rates cut for first time in five years
The Reserve Bank of Australia (RBA) has reduced the cash rate by 25 basis points in mid-February – the first rate cut for nearly five years. While the decision was widely forecast by economists and the market, the decrease in mortgage repayments will be celebrated by all mortgage holders after bearing such sharp increases over recent years. Will there be more interest rate cuts on the horizon? Sure, the RBA made a notable decision by reducing the cash rate, however, this move doesn’t signal a complete shift in strategy, especially when it comes to inflation. This is because the board’s […]
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