March Interest Rate Decision

March 22, 2019 3:01 pm

RBA Commentary for March 2019

The official cash rate remains at 1.5% as:

• The big four banks and other lenders increased standard variable rates by 0.12 to 0.20%;

• National housing prices have fallen by 3.6% over the quarter;

• Dwelling approvals have dropped; and

• Property investment continues to decline.