What are interest rates, and how does it affect housing?
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This week, the Reserve Bank of Australia (RBA) kept interest rates as they were. What does that mean and how does that affect you? We’re deep diving below. What is the RBA? It’s not a bank like the Commonwealth Bank or NAB. It’s an institution that is responsible for the stability of our currency (AUD) and a thriving economy. The way they do this is through monetary policy, like adjusting the cash rate (remember this term).
What are interest rates, and how does it affect housing?
What are interest rates, and how does it…
What are interest rates, and how does it affect housing?
This week, the Reserve Bank of Australia (RBA) kept interest rates as they were. What does that mean and how does that affect you? We’re deep diving below. What is the RBA? It’s not a bank like the Commonwealth Bank or NAB. It’s an institution that is responsible for the stability of our currency (AUD) and a thriving economy. The way they do this is through monetary policy, like adjusting the cash rate (remember this term).