interest rates

By newadmin July 8, 2015 In Market Commentary

I read this article which provides some encouraging news for investors.

The Reserve Bank of Australia has confirmed the official cash rate is likely to remain at 2.5 per cent “for some time”

http://spionline.com.au/home/12827-rba-signals-rates-will-stay-on-hold?utm_source=SPI&utm_campaign=investorsecrets16_04_2014&utm_medium=email

“At recent meetings, the board had judged that it was prudent to leave the cash rate unchanged and members noted that the cash rate could remain at its current level for some time if the economy was to evolve broadly, as expected,” the minutes said.

So for investors, it is continuing to be a good time to consider investing. The cost of owning an investment property is aided by this positive sounding news.