Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet
The Reserve Bank of Australia has held the cash rate at 4.35% following three consecutive increases. Governor Michele Bullock warned that inflation remains too high and further rate hikes are possible if necessary to reach the 2-3% target range.
Why it matters
This decision impacts household borrowing costs and reflects the ongoing global struggle to balance economic growth with inflation control.
‘I want to be very clear that inflation remains too high’ … Michele Bullock speaks to the media after Tuesday’s RBA rate decision. Photograph: Dean Lewins/AAP View image in fullscreen ‘I want to be very clear that inflation remains too high’ … Michele Bullock speaks to the media after Tuesday’s RBA rate decision. Photograph: Dean Lewins/AAP Australian economy Analysis Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet Patrick Commins Economics editor Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises
The article reports on official central bank statements and market reactions without taking a partisan stance.
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