Money matters: what RBA’s lowest cash rate level means for your budget

The Reserve Bank of Australia's cash rate of 0.1% is at a record low. A cash rate is the interest rate that a central bank – such as the Reserve Bank of Australia or Federal reserve – will charge commercial banks for loans. As to how this might impact your spending and your bank loans, we turn to Finance expert Maria Papa. Listen in.

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Highlights

• The latest cash rate is the lowest in history
• Property buyers can leverage on the low rates
• Low-interest rate climate to stay for 2 to 3 years