June Interest Rate Decision

June 22, 2019 2:58 pm

June Interest Rate Decision – Finally the drop in interest rates we have been expecting has happened!

The official cash rate dropped by 0,.25% to 1.25% as:

  • Consumer price inflation hovers around 1.2%;
  • The Australian dollar fell to 69.12 US cents;
  • Unemployment increased to 5.2%;
  • Housing price declines stabilise; and
  • Home lending continues to cool.