The RBA left the cash rate on hold at 4.35% for a sixth meeting in a row, after the June quarter inflation figures largely met the bank’s forecastsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s borrowers have been spared an interest rate rise as the Reserve Bank waits for more proof of a sustained drop in inflation and clearer signs of the severity of the financial markets tailspin before deciding its next move.The central bank on Tuesday left its cash rate unchanged at 4.35% for a sixth meeting in a row. The decision was widely expected by economists after June quarter inflation largely met RBA’s forecasts and market turmoil began spreading around the world. Continue reading…
Source link : https://www.theguardian.com/australia-news/article/2024/aug/06/australia-interest-rates-announcement-today-rba
Author : Peter Hannam Economics correspondent
Publish date : 2024-08-06 04:33:18
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