Governor Michele Bullock and the Board of the Reseve Bank have decided holding rates steady for now at 3.85% after a 6:3 vote .
Reasons Given
- economic uncertainty and USA tariff worries
- weak demand from consumers
- weaker employee productivity are causing a cut in business profit margins putting pressure on rising costs
- inflation at 2.9 per cent not quite at the 2.5 per cent target. RBAs key priorities are keeping employment strong and keeping inflation in check at a targeted 2.5%
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Opportunity to refinance and reduce interest rates
Feel free to schedule a time to chat https://rfrn.link/ivank
