From abc.net.au

The Reserve Bank has left millions of borrowers a little more relaxed for their summer holidays, keeping interest rates on hold. Having responded to stronger-than-expected quarterly inflation figures by lifting the cash rate to 4.35 per cent in November, the RBA has used softer-than-expected monthly inflation data as an excuse to sit tight in December. With no meeting scheduled for January, borrowers should be safe from further rate rises until at least February. Since May 2022, interest rates have risen 4.25 percentage points, adding more than $1,200 a month to repayments on a $500,000 home loan with a 25-year term ... (full story)

From 9news.com.au

The Reserve Bank of Australia (RBA) has kept interest rates on hold in December, sparing borrowers of a sixth interest rate rise in 2023. Meeting at its Martin Place headquarters this afternoon, the RBA board decided to keep the official cash rate target steady at 4.35 per cent, citing a wealth of data that showed inflation in Australia is cooling. The news will come as a relief to thousands of households, which on average have paid more than $24,000 extra in interest as a result of 13 interest rate rises since May 2022. chart RBA Governor Michele Bullock said the board was closely watching domestic economic ... (full story)