BREAKING: RBA Announcement

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June, 2019: 

The Reserve Bank of Australia has just announced that following its meeting today, the Board decided to decrease the cash rate by 25 basis points to 1.25 per cent.

This is the first move we have seen in rates since August, 2016 and is in line with what many economists predicted in the lead up to the June meeting.

In setting our interest rates a number of factors must be considered, therefore a decision cannot be rushed as we aim to strike the right balance in providing value to all members, plus still remaining financially sustainable for the future for all of our customers.

South West Credit will make a decision over the next few weeks when markets have absorbed the impact of the RBA decision.

For the official RBA article, please visit the Reserve Bank’s website.

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