A few years ago I wrote a post explaining who the Reserve Bank of Australia (RBA) are – you can read that here if you’d like a refresh!

Today sees the RBA make their final announcement on monetary policy for the 2017 year, and if you want to be first to know what happens, make sure you keep an eye on The Tax Chic’s Facebook page.

The announcement, to be made at 2.30pm this afternoon, is expected to see interest rates remain on hold for another month, at just 1.5% being the rate applicable since August 2016.

Will this be the case? We’ll find out soon enough – oh, and remember there’s no announcement in January but the RBA will be back on the first Tuesday in February.

Regards