Rate cut - astounding!

At the RBA meeting today the decision was made to cut interest rates by 0.25% to an absolutely unheard of 1.5% official cash rate - on the back of poor inflation figures. The RBA commented on banks having pulled sufficient levers to keep the property market in check.

Banks have started to advise their corresponding cuts with all of the majors announcing today - none of them yet passing on the full 25 points, in fact most are opting to pass on less than half citing cost of funds. Interesting times ahead and with some excellent variable and fixed rates on the table there really is no excuse to not look at your options right now.

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Two Red Shoes Copyright © 2020 All rights reserved. Call on 02 9002 0380, 0404 494 929, email us  or 'old school' fax 02 9002 0381

Jarrett Group Pty Ltd atf Jarrett Group Discretionary Trust trading as Two Red Shoes hold Australian Credit Licence No: 428614 and are members of an external dispute resolution scheme. Details of our complaint resolution process can be found here or please see our credit guide. All information contained on this site is general information only, and does not take into account your particular financial situation or needs. You should consider your personal objectives, financial situation along with the recommendations of your trusted advisors.

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