RBA Cash Rate Announcement November 2021

The Reserve Bank of Australia (RBA) has decided to leave the cash rate on hold at the historically low level of 0.10 per cent. Read today’s official statement on the RBA’s website.

RBA Governor Philip Lowe had previously indicated the cash rate would not increase until actual inflation is within the 2 to 3 per cent target range, which is unlikely to happen before 2024.

Recently, we have seen some movement on interest rates by the Big Four banks, so now is a good time to review your mortgage. Get in touch and we’ll check your home loan still works for you.

Need help understanding what this announcement means for you? Contact us today!