Interest Rate Update – September 2015

Cash Rate – No Change

The Reserve Bank of Australia (RBA) has announced it will maintain the official cash rate at 2.00%.

Notwithstanding the extreme market volatility last week the RBA remains comfortable to remain on the sidelines until there is significant financial data which influences the next change. The reduced Australian dollar, improvement in our employment numbers and the proposed interest rate increase in the United States is providing the RBA with comfort to defer any movement at this stage.