Rates on Hold for Christmas

December 4, 2015 10.24 am by. Lyndell

Good  news for home buyers. The Reserve Bank has made the decision to keep the current interest rate until at least February.
There have been just two changes to the official rate this year. The first, in February, saw it drop to 2.25 per cent; the second, in May, took it to the all-time low rate of 2.0 per cent where it will stay until at least February 2016 when the Reserve meets again for the new year.