
If you’ve watched the news lately, you will have seen that the Reserve Bank of Australia (RBA) has cut interest rates for the third time this year, bringing the official cash rate down by 0.25% to 3.60%.
After years of steady rate hikes, the trend has finally shifted. We’ve already seen several cuts this year, giving many Australian households some welcome breathing room.
So, when you hear about an interest rate change all over the news, you might be wondering, why should I care? and how does this actually affect me?
Read Post