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Why did the Reserve Bank leave interest rates on hold at 4.1 per cent? What does it mean for inflation? When will the RBA start cutting rates?
For the fourth-straight month, the Reserve Bank of Australia left the cash rate on hold at 4.1 per cent at its meeting on Tuesday. It was the outcome just about every economist and keen observer had expected after Michele Bullock's first meeting as governor, but her post-meeting statement was careful not to rule out a future rate hike. Here's the current state of interest rates and inflation in Australia, and why a pause in October doesn't guarantee rate cuts are on the horizon. Why are interest rates on hold? The RBA decided that there were two main reasons to keep the cash rate simmering at 4.1 per cent again this ... (full story)
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- Posted: Oct 4, 2023 10:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,278
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