RBA Holds Cash Rate at 4.35%, Ending Three Increases
The Reserve Bank of Australia (RBA) holds the official cash rate at 4.35%, ending three consecutive increases. Governor Michele Bullock warns that external factors, such as a ceasefire in the Middle East, will not prevent future rate hikes. This decision aims to provide some relief to borrowers amid ongoing economic pressures.
Why it matters
This decision impacts mortgage holders and borrowers, providing temporary relief from rising interest costs.
Read the full story at The Guardian AU→