October meeting sees interest rates on hold 

2 October 2018
The October Reserve Bank of Australia board meeting saw interest rates stay on hold at 1.50 per cent, according to the Real Estate Institute of NSW.

REINSW President Leanne Pilkington said most of the majors and a raft of smaller lenders have already taken matters into their own hands and adjusted their rates despite the RBA’s hold position.

“Consumers are right to be skeptical about the attempts to justify these adjustments, especially against the backdrop of easing house prices,” Ms Pilkington said.

“But there’s no justification for the RBA to exacerbate the situation.”
 
The RBA cut interest rates by 25 basis points in August 2016 as well as May 2016. There were no changes to interest rates in 2017.

The RBA will next meet on Tuesday, 6 November 2018.
 
For further information or to arrange an interview with REINSW President Leanne Pilkington, email Helen Hull at [email protected] or call 0419 642 961.

Helen Hull I PR & Media Manager
Real Estate Institute of New South Wales
30–32 Wentworth Avenue, Sydney NSW 2000
0419 642 961
www.reinsw.com.au

Do you know all of your member benefits?

You could be missing out.

View all member benefits