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RBA hold decision unlikely to boost housing demand
The easing in the trimmed mean rate of inflation, soft economic growth and a gradual loosening in labour markets has been enough to stave off another rate hike, with the RBA’s board deciding to keep the cash rate steady at 4.35%, where it has held since November last year. With the quarterly rate of core inflation easing back to 0.8% in the June quarter, in line with the RBA’s May forecast and down from 1.0% in the March quarter, much of the pressure has come off the RBA to lift rates. A slowdown in job growth and a subtle lift in the unemployment rate were also at play in keeping rates on hold. Although a stable ... (full story)
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- Posted: Aug 6, 2024 11:42pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,477
