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Interest rates on hold

In great news for borrowers, the Reserve Bank of Australia this week left interest rates on hold for the second month in a row. Following Tuesday’s decision, the official cash rate will stay at 4.1%.

In his post-meeting statement, RBA governor Philip Lowe noted that the recent run of hikes has been effective in establishing a ‘more sustainable balance between supply and demand in the economy and will continue to do so’.

He did however, warn of possible further increases, saying “some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon the data and the evolving assessment of risks”.

About Adam Nobel

CEO | Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA


0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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