REIA Satisfied With RBA Decision…For Now

March 24th,2014

Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says today's decision by the Reserve Bank of Australia to cut the official cash rate by 25 basis points was the right one in the current circumstances, but further cuts are likely to be needed over the course of the year.

Ms Bennett says the response by the commercial lenders will give an indication as to how many further cuts will be needed by the RBA.