The RBA has taken the leap and dropped the interest rate to 1.25%. Hopefully this will start stimulating the retail sector that has been falling slightly. I love to shop local to help keep our community booming and family businesses thriving.
Will this new rate stay low for a long time like the previous 1.5% rate? For more info, click out this article –https://www.abc.net.au/news/2019-05-07/reserve-bank-leaves-cash-rate-on-hold-at-record-low/11087986