Broking industry reacts to cash rate move

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Broking industry reacts to cash rate move Charbel Kadib 06:45 AM, 5 Jun 2019 4 minute read Senior stakeholders in the broking industry have reacted to the Reserve Bank’s first monetary policy adjustment in almost three years.

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The Reserve Bank decided to leave the cash rate on hold at 2.5% for the fourteenth consecutive month yesterday – which has seen some mixed reactions from the broking industry. Sam White, chairman of Loan Market, said while the decision to hold rates was widely predicted, he concedes it’s risky.