Salvos pleased about rate decision

BUNDABERG Salvation Army chaplain Don Cook said the region’s battlers would welcome the Reserve Bank of Australia’s decision yesterday to leave the cash rate unchanged.

Mr Cook said many Bundaberg residents had been struggling to make ends meet and a rate rise would have “knocked people about”.

“I think it’s really great that there were no changes,” he said.

“It might increase later but, hopefully, it will stay this way for now.”

Mr Cook said this time of year was often a difficult period for families.

“People will be getting their credit card bills now for all that Christmas spending and it can make life pretty difficult,” he said. “Lots of people need to be referred to get counselling on how to budget.”

The central bank left the cash rate at 3.75%. Australian Chamber of Commerce and Industry chief executive Peter Anderson said the relief was likely to be temporary.

“There are also clear warnings in what the Reserve Bank says that it may look to future increases in interest rates,” he said.



Bundy drinks announce 'special brew' to mark 50 years

premium_icon Bundy drinks announce 'special brew' to mark 50 years

Clive's "special brew” will be revealed at the gala event

Wide Bay to get gov funding for local employment trials

premium_icon Wide Bay to get gov funding for local employment trials

The region is one of 10 selected across Australia

Get free coffee all week long at Bundy store

premium_icon Get free coffee all week long at Bundy store

Need coffee? How about a free one?

Local Partners