The official cash rate is on hold but how will it affect borrowers, lenders and brokers?
The US Federal Government has announced it will wind-back its stimulus program, bringing optimism to the Australian housing market.
The RBA has kept the official cash rate on hold, but highlighted ongoing concerns surrounding the high Australian dollar.
The reserve bank is open to the possibility of further rate cuts in the New Year due to an “uncomfortably high” Australian dollar.
The RBA has just announced a cash rate reduction of 25 basis points
Brokers are bracing themselves for a busy afternoon should the RBA decide to cut the cash rate to 2.5% at today's meeting, as is heavily predicted