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RBA Holds Cash Rate

At its second meeting today, 19-March 2024, the Reserve Bank Board (RBA) agreed to further hold cash rate target at 4.35%.

Details of this decision can be found on the RBA website.


How does this decision affect you?

  • 0%Makes no difference to me. I am comfortable with repayment

  • 0%Makes no difference to me. I am uncomfortable with repayment

  • 0%Relieved that there was no cash rate increase

  • 0%Gives me confidence to proceed with my financial goal

You can vote for more than one answer.


According to the RBA, inflation continues to moderate in line with RBA's latest forecasts. The headline monthly CPI indicator remains steady at 3.4%. While this ease in inflation is a good sign, the RBA estimates to have the inflation at target of 2-3% in 2025.


Returning inflation to target remains RBA highest priority.


What does this mean for you?

The RBA rate decision affects the interest rate lenders offer on the loans provided. Whether you are on Fixed interest rate or Variable interest rate loan, a health-check of these loans is generally advisable.


We offer you an obligation-free loan review whether you are refinancing or getting your first loan. Let us do the research, compare the markets and find you a loan tailored to your unique requirements.





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Note: As with any financial scenario there are risks involved. This comparison tool provides an illustrative overview or summary only based on stated assumptions and your inputs and it should not be considered a comprehensive analysis. Calculations are meant as estimates only and it is advised that you consult with an independent professional lending or taxation expert as appropriate specific to your objectives, financial circumstances or needs. UZO Finance experts can guide you through the loan process. Information included in the illustration has been sourced from third parties and has not been independently verified. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.​​​​

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