Reserve Bank of Australia keeps cash rate at 2.0%

At its first board meeting marking the brand new financial year, the Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.00%.
The Reserve Bank has continued with its wait and see approach after a week of turmoil on financial markets as a result of the Greek financial crisis.
Even though the cash rate has remained unchanged, there are still daily changes in the finance market as a result of increasingly intense competition amongst lenders. So, it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution.