As we face uncertainty on the political front this will definitely make it increasingly difficult to manage the economy moving forward, but the future leadership will need to take responsibility for supporting the economy.
The RBA’s decision to leave interest rates on hold was widely expected and the right move in the current context, as the market finds its feet this year.
Low rates have allowed many Australians to enter the property market, however borrowers should remember that interest rates will inevitably rise and they should not overreach themselves.
