The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This approach was predicted by many commentators as the Reserve Bank assesses the impact of the lower Australian dollar, falling fuel prices, a volatile share market and a slowing housing market. The lower Australian dollar and resultant increase in the cost of imported goods offset cheaper petrol prices and saw a slightly unexpected increase in the latest CPI figures. In reaching the decision to leave rates unchanged it appears the RBA has balanced any future currency-driven inflationary threat out against the jittery share market and more cautious housing market.
If you would more information about the Reserve Bank and how the current cash rate may impact on you personally, please contact our office on 07 5474 0711.
Noosa Superannuation Accountants & Financial Advisors Sunshine Coast QLD
Stratogen Accounting consists of a team of expert accountants and highly qualified financial advisors who assist with all aspects wealth creation including self managed super fund (SMSF). Our accounting firm’s head office is located at Noosa on the QLD Sunshine Coast. Our expertise is unparalleled and thus we work with clients living interstate around Australia and internationally.
We offer the full range of services expected of a leading edge accounting firm. Our personal services for individuals include accounting, tax returns, superannuation funds and financial planning, estate planning, insolvency services and asset protection. Our approach to both our clients is practical, open and honest.