Interest rates: No cut in February 2018 from RBA

The reserve Bank has left interest rates on hold for February 2018 at 1.5% which has now sat at this record low for the past 18 months.

The standard variable rate is now 4.45%.

Financial markets predict that rates will increase up to 25 basis points by February next year.

In the meantime property investors can take aditional advantage and improve their cash position by obtaining a Tax Depreciation Schedule and make further tax savings.

Contact us at www.abbcon.com.au or on 03 9873 7144 to find out more.

http://www.news.com.au/finance/economy/interest-rates/rba-leaves-cash-rate-on-hold-in-february/news-story/1be71d0877e22af6dc6a0661e7a046a1