RBA interest rate change

The RBA announced earlier today, the 4th August 2020, that they would leave the official cash rate on hold at 0.25% as well as for the 3 year bond rate, great for borrows and anyone with a mortgage, not so good for net investors…

Please read the link below for the RBA Governor’s Philip Lowe’s comments on the decision as he provides a good financial update to the state of play amongst financial markets, bonds, global economies, contractions and future hope. While Australians are dealing with the coronavirus, the government stimulus packages has recently been extended which is a welcome relief as the RBA Board continue to keep rates on hold supporting lower funding costs for businesses and households…

For the RBA Governor’s Philip Lowe’s update, please click on the link for the full overview.
https://www.rba.gov.au/media-releases/2020/mr-20-18.html