RBA delivers Melbourne Cup day rates decision
The RBA has opted to keep Australia’s official cash interest rate on hold at 4.35% today, passing up its second-to-last chance to provide rate relief to borrowers ahead of Christmas.
Australian Property Home Loans director Adele Andrews said she was “not at all surprised” by the RBA’s decision.
“While inflation does remain at the level the RBA is seeking in the range of 2% to 3%, [RBA governor] Michelle Bullock has been very consistent with her message around seeing some genuine stability there,” Andrews said.
Read the full article here from Australian Broker.
