It was a surprise to many that the Reserve Bank chose not to cut rates yesterday.
Many business owners and homeowners were expecting a rate cut, especially after earlier signals from the RBA. Even the experts didn’t see it coming. For businesses, this means more pressure. Interest rates have stayed high for some time now, and many are starting to feel it.
Cash is running low in many cases, borrowing is expensive, and it’s harder to grow or invest at the moment. Plenty of good opportunities are being missed because funding just isn’t affordable to many.
In his latest radio interview with Radio 2CC’s Stephen Cenatiempo, our Partner Angelo Mazzone discusses the decision, the implications for businesses, and shares his insights as to what we may expect to see in the coming months.
In case you missed it, take a listen below!