Media Release: Statement on Reserve Bank decision to keep interest rates on hold

The following statement is attributed to Peter White, National President of Finance Brokers Association of Queensland:

This is a prudent move by the Reserve Bank. It is clearly a ‘wait and see’ approach while allowing the impact of already reduced interest rates to take effect across the marketplace. I believe however if things don’t economically change, we can expect a further rate cut in the coming few months. It should be remembered that many borrowers are still having difficulty in meeting their home loan repayments. The ombudsman is continually dealing with new cases.

Media Contact: Lyall Mercer – 0413 749 830

National Office

Hours: 8:30am – 5pm Monday to Friday
Phone: 07 3847 8119 Email:

National Office

Street: Level 1, 116 Ipswich Road, Woolloongabba, QLD 4102
Post: PO BOX 177, Coorparoo, QLD 4151

Finance Brokers Association of Australia Limited

ACN: 094 784 040 ABN: 22 094 784 040
Privacy Policy  |  Terms of Use  |  Complaints