RESERVE BANK KEEPS CASH RATE THE SAME "The official cash rate remains unchanged at the current level in response to signs of a stabilising world economy. However, the Reserve Bank of Australia remains vigilant, maintaining enough scope on rates to manoeuvre in anticipation of forecast rising unemployment later in the year. Any future action will also need to factor the reluctance of the major banks to pass on rate cuts in full to mortgage holders".
"Despite the caution, the May budget is expected to deliver further stimulus to the economy and resilient housing activity presents opportunities for home buyers and investors to take advantage of record low interest rates, strong rental yields and median prices well below the peak of 2004".
"Despite the caution, the May budget is expected to deliver further stimulus to the economy and resilient housing activity presents opportunities for home buyers and investors to take advantage of record low interest rates, strong rental yields and median prices well below the peak of 2004".
source: domain.com.au
