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April interest rate market update

It’s little surprise that the Reserve Bank of Australia (RBA) is leaving interest rates on hold at 2% for the eleventh month in a row.

While the unemployment rate is at a steady low, there are some risks to the economy with a strengthening dollar being one of the main factors for concern.

Internationally, the US economy has come to a premature standstill, and rates are unlikely to move in the near future.

The housing market still appears strong, with low interest rates keeping confidence high among both investors and home owners.

All eyes will be on the May budget, and its potential knock-on effects for growth, to provide further guidance on rates movements.

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