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Reserve not moving

Despite recent suggestions in the media to the contrary, the Reserve Bank of Australia continues to show no intention of moving on interest rates.

At its monthly review meeting this week, the bank board decided again to ‘maintain the cash rate target at 10 basis points’, repeating that it expects that wages growth will not be ‘materially higher than it is currently’ until at least 2024.

About Adam Nobel

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

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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