RBA has dropped interest rates

RBA has dropped interest rates

The RBA met today as they do every month to discuss the economic conditions facing Australia.

Expectations were that the board would reduce the cash rate by 25 basis points or 0.25%. However to everyone’s suprise the RBA reduce the cash rate by a massive 50 basis points or 0.50%

Evolution Accountants welcomes the RBA decision which will mean a boost to the property market which should see a turnaround in property prices, building industry jobs and struggling families.

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