PTO backs brokers

No changes to report today, however the Reserve Bank of Australia left its cash rate unchanged, yesterday, at 4.75% (More on this below).

Over here we report on the Public Trust and its change of strategy. The government-owned business is now doing residental lending and also is entering the broker market. It's worth checking out their rates, especially short term ones, which are pretty competitive. This link shows where its floating rate sits compared to the market leaders.

To find out more about what the PTO is doing read this story.

The Reserve Bank in Australia yesterday left its cash rate unchanged at 4.75% - as anticipated. The bank's position is called “mildly restrictive”. The RBA has a balancing act with highly stimulatory forces coming from the mining boom and soaring terms of trade against households which are treading cautiously.