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Interest rates left on hold… but make hay while the sun shines

Interest rates will be left on hold, after cuts in June and July. The official cash rate remains at a record low of 1 per cent

But the Reserve Bank has flagged it may reduce rates again down the track. In a statement, the RBA says it’s still worried about inflation and the global economy.

Perth LIVE finance expert and Partner at Carbon Group Michelle Maynard told Oliver Peterson that interest rates will probably never be this low again.

“Reassess everything –  personal loans, car loans, home loans.

“Now is the time to be shopping around. This is the time to get ahead and set yourself up”

 

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