Professionals Real Estate 
News Flash – Rates on Hold
Interest rates are on hold for another month. That’s the consensus of the Reserve Bank of Australia following its monthly board meeting, held today. This leaves them at a record low of 2.5%. It is nice to have some stability, though nothing has really changed. What’s the good news here? We’ll take it from Ted.
Professionals CEO, Ted Piteo, said the fundamentals of the Australian economy were currently very strong. Both inflation and unemployment are within target ranges. This means that the RBA had no need to adjust its policy settings. While that means that nothing has changed, it’s still excellent news for Australians.
“Home buyers appreciate stability and certainty for interest rates,” Mr Piteo said. “While it would seem any further interest rate reductions are unlikely, this period gives people time to plan and save for their deposit, and some certainty moving forward.”
