05 April 2016
Category: Latest news

RBA April Cash Rate Announcement

Today the Reserve Bank of Australia has announced the result of its monthly board meeting.

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The official cash rate has been left at a record-low 2.00 per cent, as most experts had forecast.

The cash rate has remained at an all-time low of two per cent since May last year.

Major figures released this week showed the Australian economy grew at a subdued pace but not one that persuaded the Reserve Bank to cut the official cash rate.

At present Naritas is offering variable home loan products starting at 3.98%p.a. (CR 3.99%p.a.) and up to $1000 as a settlement rebate as well as 3 year fixed loans at 3.99%p.a. (CR 4.49%p.a.) with an annual fee rebate.

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