Reserve Bank Interest Rate Announcement – May 2017

At its meeting today, the Reserve Bank Board announced it was leaving the cash rate unchanged at 1.50 per cent.

Please click here to view the Statement by Philip Lowe, Governor: Monetary Policy Decision.

Whilst the official rate is unchanged, we’re watching closely what the banks do with their rates, as some of Australia’s biggest lenders have decided to make changes to their rates regardless of official interest rate moves by the RBA.

You will be notified directly by your bank if and when they change their interest rate.

Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options.