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RBA holds rates again - but for how long?

For the fourth consecutive month, the Reserve Bank of Australia has kept the official cash rate at 4.1%, however it has not ruled out raising rates in the future if necessary to bring stubborn inflation back down to target.So far its the fifth time that the RBA has put rates on hold during its current rate-hiking cycle since May of last year, when the bank started raising rates to combat out of control inflation. The cash rate is now at its highest level since April 2012, and many mortgage holde... Read More

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Posted: Oct 3 2023, 11:17

Author Name: financemagnates

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