As expected, RBA cash rate once again increased for July
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%.
With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate.
Lenders can set interest rates independently of RBA movements and their responses to this official cash rate hike may vary.
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.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.