The Reserve Bank of Australia’s quarterly statement on monetary policy yesterday hinted that the RBS is finished hiking interest rates and in fact now looking towards maybe cuting the Australian Base Interest Rates in the coming months which will be a relief to those who have or want a Australian Mortgages.
The fall of the Australian Dollar has been fairly spectular as the Pounds to Australian Dollars exchange rate has gone from 2.0200 to 2.1757. If it goes through the 2.18/2.200 level we could see the Australian Dollar fall off a cliff and head back towards its natural comfort zone of 2.5000 which would make all the british expats including this one very happy.
Pounds to Australian Dollar exchange rates is currently trading 2.1708
Bye for Now
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