Reserve Bank leaves interest rate on hold at 4.35% despite higher than expected inflation
Mortgage holders have avoided another rate rise with the RBA opting to keep rates steady for the fourth consecutive meeting• Get our morning and afternoon news emails, free app or daily news podcastBorrowers have been spared a 14th interest rate from the Reserve Bank but the respite may only be temporary unless there are clearer signs inflation can be brought to heel.The RBA left its cash rate on hold at 4.35% for a fourth consecutive meeting on Tuesday. The result was widely expected with just one economist – Capital Economics – predicting the central bank would hike today. Continue reading...
Mortgage holders have avoided another rate rise with the RBA opting to keep rates steady for the fourth consecutive meeting
• Get our morning and afternoon news emails, free app or daily news podcast
Borrowers have been spared a 14th interest rate from the Reserve Bank but the respite may only be temporary unless there are clearer signs inflation can be brought to heel.
The RBA left its cash rate on hold at 4.35% for a fourth consecutive meeting on Tuesday. The result was widely expected with just one economist – Capital Economics – predicting the central bank would hike today. Continue reading...
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