Another Interest Rate Cut

A further cut to interest rates is looking likely

Yesterday's announcement that Australia's jobless rate hit its highest level since September 2009 has brought further rate cuts to the table again.

The number of people looking for work has climbed to a record high of 709,000 with Australia's unemployment rate now at 5.7 per cent in June.

We stand by our prediction earlier this year that the Reserve Bank is likely to apply further reduction to the cash rate.

In our opinion we can expect another rate cut in August.

What does this mean for you personally? Contact our office for a personalised assessment. 

1300 577 233

Contact Us