Dec 6, 2011 – Reserve Bank drops interest rates to 4.25%
Great news mortgage holders…you got your Christmas wish!
The Reserve Bank board slipped on their Santa suits today, bellowed, “Low, Low, Low Merry Christmas everybody!” and reduced the cash rate target to 4.25%.
Ok, they actually said a bit more than that. The full story is here on the RBA site.
If you’d like to find out how this rate change affects you and your finances, please contact the Zenith Finance team any time on 1300 288 874.