Howdy All,
The Reserve Bank of Australia (RBA) has left interest rate on hold at 3.25 per cent at its November board meeting. It follows a quarter of a percentage point reduction in October. It is first time in six years the RBA has left the cash rate unchanged on Melbourne Cup day.
While homeowners and the retail sector will be disappointed, we are certain that self funded retirees will be breathing a sigh of relief as it is next to neigh impossible to find a decent risk free yield at this current moment in time.
Until next time take care
Luke Eres
The Three Wise men 