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What the recent Reserve Bank cut interest rates will mean

The high dollar and low inflation were the main contributing factors to the Reserve Banks’ recent rate cut on Tuesday, 7 May 2013.

While this is important to all Australians, it’s particularly important for property investors as well as anyone using financial planning strategies to build wealth.

Although this recent cut is welcome by the general population, the Reserve Bank has expressed concern with this recent rate cut and is outlined in the following article.

http://www.abc.net.au/news/2013-05-10/rba-statement-on-monetary-policy/4681224

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