February cash rate remains unchanged at 0.10%

The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future.

Rising inflation and falling unemployment led to speculation in the lead up to the meeting that the RBA would be forced to reassess its 2024 forecast for the next rate rise.

With future rate rises linked to wages growth, all eyes will be on the minutes of the meeting for any update on that guidance.

With record-low rates on hold for the moment, competitive terms are still available to borrowers who act now.

I deal with multiple lenders every day, so I know just how flexible they can be to keep or win your business.

It never hurts to ask the question, so get in touch to review your options.

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