US EditionStruggling homeowners denied successive rate cut by ‘cautious’ Reserve Bank
- The Reserve Bank has chosen to maintain the cash rate at 4.10 percent, avoiding additional mortgage relief for Aussie homeowners after a recent cut, indicating a cautious approach.
- Australia's inflation rate decreased to 2.4 percent in February, with the Reserve Bank noting that inflation had substantially fallen from its peak in 2022.
- Retail sales in February grew by 0.2 percent, which was lower than expected but supports the gradual recovery of household consumption, according to the Australian Bureau of Statistics.
14 Articles
14 Articles
'Cautious' RBA holds rates steady ahead of election
Mortgage holders will have to wait longer for more relief after the RBA kept interest rates on hold. (Dean Lewins/AAP PHOTOS) By Jacob Shteyman in Canberra Hopes remain high for mortgage relief in May despite a “cautious” Reserve Bank of Australia keeping interest rates on hold. As widely expected by economists, the RBA’s new monetary policy board held the cash rate steady at 4.1 per cent at its inaugural meeting on Tuesday. Markets had priced i…
No rate cut, but hopes mounting for May
The Real Estate Institute of Queensland (REIQ) has acknowledged Tuesday's decision by the Reserve Bank of Australia (RBA) to keep […] Subscribe or Login to see the rest of the content. Username Password Remember Me Forgot Password The post No rate cut, but hopes mounting for May appeared first on Leader Today.
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