Special Newsletter – Breaking News – Interest Rate Update
Posted on 19th March 2020 by Chris Grieve
Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19.
The RBA has reduced the cash rate to a new record low of 0.25%.
We would imagine the banks will be under significant pressure to pass this on to customers.
Our team is monitoring the government announcements and various assistance packages available and working with our clients negotiating with funders to provide some relief in the current climate.
Contact us today on 9316 7000 should you require assistance.