The RBA today has decided to leave rates unchanged. Their decision to do so would have been encouraged by a perceived improvements in Global sentiments from an improving American economy to positive actions to improve the situation in Europe.

Although consumer spending in Australia is still soft, and this being the first the RBA meeting for 2012, it appears that they will adopt a wait and see approach.

This will give the RBA time to see if the improvements in the global economy will actually gather some momentum. If it doesnt gather momentum and improve the RBA has not jumped too early and will still have room to move.

For More information, visit the RBA website and view the minutes from their meeting below.

http://www.rba.gov.au/media-releases/2012/mr-12-02.html

We are seeing some great value in our lenders fixed rates and also in consolidating loans to pay out higher interest debt to home loans rates, which could save you $1000's.

Please call us on 02 9290 2777 to organise a meeting to see where we can save you money by simply re-structuring your loans or to see if your current loan still suits your needs.