RBA May Cash Rate Announcement

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



The official cash rate has been lowered to a record-low 1.75 per cent, as most experts had forecast.

Major figures released this week showed Australian inflation levels at sub-target band levels 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 3.98%p.a. (CR 4.66%p.a.) with a $1500 cashback rebate at settlement.

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