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RBA keeps rate on hold at record low 1.5 per cent

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The Reserve Bank of Australia (RBA) has left the cash rate on hold at its June meeting today. 

There are signs that a future rate cut could be on the horizon, with the housing markets in Sydney and Melbourne showing signs of slowing.  New prudential regulations have reduced investment demand, along with increases to mortgage rates particularly for investors and interest-only loans.

Below-target inflation and a cooling housing market may give the RBA scope to cut interest rates if unemployment rises amid sluggish consumer demand, declining mining investment and any slump in housing investment.

This information is brought to you by South West Credit, Warrnambool's Home Loan Centre  


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