Homeowners can breathe easy for another month after the Reserve Bank left interest rates unchanged at 3 per cent at its monthly board meeting.
Most economists had expected the central bank to keep the cash rate steady.
The RBA cut the cash rate four times between May and December in 2012, reducing the rate by 1.25 percentage points.
RBA governor Glenn Stevens said with economic growth expected to be a little below trend over the coming year, it was prudent not to change the cash rate.
However the central bank has room to cut if economic conditions deteriorate.
“The inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand,” he said. Read more
By Kayla Matthews associated with Consumer technology is smarter than ever. This is especially true around the home, where appliances and lights connect with the internet in new and unprecedented ways. On top of that, devices with built-in virtual assistants make it possible to control some of this hardware with nothing … Read more
There are 2.03 million property investors in Australia, most of whom only own one property, according to CoreLogic. If you count yourself amongst this group, or you’re looking to purchase an investment soon, you’ll face several challenges before the money starts rolling in. Improve your chances of success and make … Read more