RBA meeting next week

Writen by: on August 1, 2012

In June the RBA made a decision to cut the cash rate by 25 basis points. In the weeks following it became apparent that momentum the local economy was stronger than had generally been expected. Economists have stated that the RBA is currently ahead of the curve and given our strong local economy coupled with the impending risk of inflation, another rate decrease does seem unlikely.

So after cutting the rates by 75 basis points in total over the past months, it looks as though we can expect the RBA to be on hold at 3.50%……………but I guess we’ll have to wait to find out next week……

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Kylie has almost 10 years of widespread experience in Australia’s finance industry and has worked in a variety of roles including loan processing, customer service, and credit analysis. These skills enable her to provide genuine advice that is always in the best interest of each individual and their specific financial needs. Kylie’s talent and commitment to clients is expressed by this quote: “Promise only what you can deliver. Then deliver more than you can promise.” You can find her on Google+ and facebook or write to her at kylie@financinghope.com.au.