The RBA meets frequently and issues a statement regarding any interest rate changes. RBA interest rate announcements directly affect borrowers and also have a regulatory effect as borrower limits are set in relation to interest rate changes.

A client William Wilkes has just settled a variable loan arranged by you. He has sent you an email seeking your advice on any imminent interest rates changes.

Your task is to visit the RBA website and find the statement released from the most recent meeting.

Write an email to the client explaining if the statement will be likely to affect his new loan.