Aged Care
Facilities
Australian Capital Territory

MPIR increased to 8.36%

From 1st July 2024, the Maximum Permissible Interest Rate (MPIR) has increased to 8.36%

This small increase is due to the RBA's decision to maintain the benchmark rate for the past few months.

Some economists predict a benchmark rate cut before Christmas 2024, suggesting that the MPIR has peaked and may start to reduce.

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