July Interest Rate Decsion

July 22, 2016 3:31 pm

Interest Rates on Hold

The fallout of Brexit is the talk to the town delivering a shock to global financial markets. Australia’s markets have, however, seen much smaller moves than elsewhere.

Hence, the Reserve Bank of Australia have kept the Official Cash Rate on hold at 1.75 percent playing the ‘wait and see’ game and are likely timing their next rate cut.