RBA Makes Sensible Cut in Lead Up to Federal Budget

March 24th,2014

Real Estate Institute of Australia (REIA) President, Mr Peter Bushby says the Reserve Bank of Australia has made a sensible decision in cutting interest rates by .25 percentage points to a record low 2.75 per cent.

Following a cut in the official cash rate to its lowest level since the global financial crisis in December 2012, the Reserve Bank of Australia left the rate unchanged until its fourth meeting of the year.