Altitude

Practical tips, insights and articles to help you build the business, wealth, and lifestyle you want

RBA Cuts Official Cash Rate by 0.25%

Article By Adam Hurwood | | Financial Planning
On the 5th of February 2015, the Reserve Bank of Australia announced a cut official interest rates by 25 basis points (0.25%) for the first time in 18 months, to a record low of 2.25%.

The RBA stated that it had particularly taken into consideration a gradually increasing unemployment rate, growth at below trend pace and low inflation within the economy as part of its decision and deemed it appropriate to reduce the cash rate.

At the time of writing this resulted in the Australian stock exchange rising notably and the Australian dollar depreciating further against the US dollar, which will be beneficial to returns for Australians investing into overseas markets

Sources: BT Adviser Services

Altitude Financial Planning is a Corporate Authorised Representative of Altitude Financial Advisers Pty Ltd
ABN 95 617 419 959
AFSL 496178

The information contained on this website is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any information, you should consider the appropriateness of it and the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek the appropriate financial advice and read the relevant Product Disclosure Document.