Good news for home owners and investment buyers. The Reserve Bank of Australia today officially announced that interest rates will remain unchanged at 4.5%.
The Reserve Bank has decided not to increase interest rates this month after positive inflation figures were released last week showing consumer price increases had been lower than expected. If inflation was running outside of the Reserve Bank’s target band of 2 per cent to 3 per cent, the central bank might have lifted rates.
The economic climate will be reassessed before making any interest changes next month.