Hallelujah! The RBA finally reduces the interest rate to 3.75% May 1 2012
Well it’s only taken until halfway through Autumn, but the Reserve Bank Board today realised what everyone else in the country has known since the start of summer – Australia needs a rate drop.
And they’ve finally delivered with a drop by 0.5% to 3.75%. Now let’s hope lenders pass on the decrease.
If you’d like to find out why the RBA made this decision click here to their media statement.
A good time to chat
This could be an excellent opportunity to review your current financial position, so feel free to contact Zenith Finance any time on 1300 288 874.