The cash rate remains unchanged at 0.75% this month with the RBA being of the view that the economy has reached “a gentle turning point” with inflation nudging up in the September quarter to 1.7 percent annual growth. Some commentators are suggesting that the economic stimulus anticipated with recent lowering’s of the cash rate hasn’t come to pass, with figures revealing that Australian’s are buying everyday goods at the slowest rate since the early 1990’s. On the flip side, some economists are arguing that further rate cuts are required to aid improved unemployment figures and to accelerate wage growth.
Please feel free to get in touch with Bez Esquivel if you have any questions about what this decision means to you or if there’s anything else you’d like to discuss.
