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RBA holds cash rate at 4.35%, signals reprieve amid slowing economy
BusinessThe Guardian2mo ago

RBA holds cash rate at 4.35%, signals reprieve amid slowing economy

The Reserve Bank of Australia (RBA) has maintained its official cash rate at 4.35%, ending a series of three consecutive rises. Governor Michele Bullock delivered a strong message, citing a slowing economy and rising unemployment as factors influencing the decision, though a Middle East ceasefire is not yet cause for celebration.

Australia's Central Bank Delivers Third Consecutive Rate Hike to 4.35%
FinanceReutersbloombergFT+11The Guardiancnbcrzeczpospolitatvn24vgel-mundodelfi-ltsydney-morning-herald+3 more3mo ago14 sources

Australia's Central Bank Delivers Third Consecutive Rate Hike to 4.35%

The Reserve Bank of Australia (RBA) has implemented its third consecutive interest rate hike, raising the cash rate to 4.35%. This decision was made under pressure from inflation and escalating Middle East tensions, impacting would-be homebuyers and cementing Australia's outlier status among central banks.