The RBA cut the cash rate to 4.10%, providing relief for borrowers, but with future cuts uncertain, major banks divided on further reductions, and potential impacts on housing and commercial property, now is the time to review loans, budgets, and refinancing options—Moore Australia can help!

The Reserve Bank of Australia (RBA) has held the interest rate at 4.35%, 6 February 2024.

Now at 2.60%. The Reserve Bank of Australia (RBA) has delivered a further 0.25% rate rise today, with the official cash rate now reaching 2.60%.  For many people, this will make it difficult to meet their repayments, with interest rates reaching 5-7%, and possibly more increases to come.  

Banks are responding to the Reserve Bank Australia (RBA) rate increases, with customers feeling the effects of rising monthly repayments.  While there are many reasons for the rates increasing, the important thing to understand is how it will affect you. With rates rising and any further increases likely to be passed directly on to you (the consumer), this can have a big impact on your monthly outgoing payments.