Feb 2017 – Rates on Hold at 1.5%

By | news

February 2017 – Rates on Hold at Record Lows of 1.5%

At its first meeting for the year, the Reserve Bank has decided to again leave official interest rates at the record low 1.5 per cent.

Rates have been on hold since last August’s cut.With the latest economic data still mixed, rate cuts remain likely soon unless the economy improves, regardless of continuing strength in the Sydney and Melbourne housing markets.

  • RBA leaves rates on hold
  • Latest economic data mixed
  • Rate cuts soon still likely
  • Most housing markets remain robust