The RBA’s decision to leave the cash rate unchanged comes as underlying inflation remains above the bank’s target rangeThe Reserve Bank has left its key interest rate unchanged for an eighth meeting in a row as it awaits more evidence inflation will soon return to its preferred target range.The RBA board ended its two-day meeting on Tuesday by keeping its cash rate at 4.35%, a move widely expected by economists and financial markets. Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/nov/05/rba-interest-rates-november-meeting-inflation-data
Author : Peter Hannam Economics correspondent
Publish date : 2024-11-05 03:31:05
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No relief for borrowers as Reserve Bank leaves interest rates on hold at 4.35%
