The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the global economy is continuing to recover from the pandemic..[and]..the war in Ukraine is a major new source of uncertainty". The RBA also acknowledged that inflation had picked up more quickly than …
Continue Reading about RBA announce interest rates steady at 0.1% →