Hopes for Further Rate Cuts Dwindling

March 24th,2014

Real Estate Institute of Australia (REIA) President, Mr Peter Bushby, says home owners’ hopes of further interest rate cuts may be dwindling after the Reserve Bank of Australia (RBA) today maintained its cash rate at 3.0%.

The RBA last cut its cash rate in December, when it was eased by a quarter of a percentage point back to levels last seen during the global financial crisis four years ago.