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Official Cash Rate Left at Record Lows at July 2018 RBA Meeting

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RBA Rate on hold for July 2018

It should come as no surprise to many that the Reserve Bank of Australia (RBA) has maintained the official cash rate at 1.50%, in line with the last 22 months. This is the longest length of time that a rate has remained at the same level consistently. An increasing number of economists now predict that we are not likely to see a change in this rate anytime soon; some looking as far as 2020 at the earliest. Financial markets aren’t fully priced for a 25 basis point increase in the cash rate until late 2019.

 

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All Family First Credit Union offices will be closed for Bank Holiday Monday 6 August 2018

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Please be advised that all Family First Credit Union offices will be closed for Bank Holiday on Monday 6 August 2018.

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Join Family First Credit Union as part of the "own your banking" campaign

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Given the events of the Royal Commission intoBanking, wouldn't you want to bank with an organisation that you can trust.

Read more: Join Family First Credit Union as part of the "own your banking" campaign