RBA Cuts Interest Rate — Time to Refinance?

RBA Cuts Interest Rate

No better time to refinance, for anyone looking to reduce their monthly repayments.

THE Reserve Bank has cut interest rates to a historic low of 2.25 per cent in one of the most keenly anticipated central bank board meeting announcements in months. The decision was welcomed by treasurer Joe Hockey who said a cut to interest rates is good news for business and households. The Reserve Bank cut the cash rate by a quarter of a percentage point to a new record low of 2.25 per cent