interest rate lowered to 2.25 percent

Thumbnail image for RBA Cuts Interest Rate to Record Low

RBA Cuts Interest Rate to Record Low

in Real Estate
Thumbnail image for RBA Cuts Interest Rate to Record Low

In a highly anticipated move, the Reserve Bank of Australia has cut interest rates to its historical low of 2.25 percent. This is the first time that RBA lowered interest rates since August 2013 and the lowest rate, so far, in 25 years. RBA Governor Glenn Stevens said their decision was prompted by several factors. […]

by Wendy Chamberlain
0 comments Read more…