Mortgage News

“The Reserve Bank has kept interest rates on hold, giving borrowers another month of steady payment costs, despite mounting inflation pressure.

The central bank’s decision today to keep its key cash rate at 4.5 per cent was widely expected and marks the second consecutive month of unchanged rates, as the RBA assesses the pace of the local and global economic recovery”, reported smh BusinessDay.

Albert Achanfuo- Yeboah of Oasis Home Loans-Southern Highlands said that it is probably better that a comprehensive assessment would be in the best interest of decision makers as far as finance goes.