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What will the future be for interest rates ?

Reserve Bank gives view on rates ...

In case there was some lingering uncertainty, the Reserve Bank Governor had made it clear that if rates were to move anywhere in the next six months it would be down, not up.

The Reserve Bank Governor has gone to some length to explain the thinking about recent increases in bank home loan rates and the impact on monetary policy. And the conclusion was that the higher bank loan rates won’t have a big impact on the broader economy, and thus not requiring a response from the Reserve Bank in terms of cutting interest rates.

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Source : http://www.propertyobserver.com.au/financing/loans-and-mortgages/47897-reserve-bank-s-view-on-rates-craig-james.html?utm_source=Property+Observer+List&utm_campaign=476a05ba24-09_November_2015&utm_medium=email&utm_term=0_a523fbfccb-476a05ba24-245348873

Donna Westwood
Licensed Conveyancer, JP
(Licence No. 1555562)

Tel:	(02) 9940 4006
Fax:	(02) 9940 3398
Mob:	0429 912 649

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DISCLAIMER The information contained in this newsletter is general information only and is based on our interpretation of various topics. It has not been prepared taking into account your specific situation, objectives or needs. You should consider how the information is in anyway appropriate to your own situation before making any decision. You should also seek independent advice from the appropriate professional to assist you with any decision.