Today’s decision by the RBA to leave the cash rate unchanged at 4.10% eases the pressure on mortgage holders for the third consecutive month.
Reserve Bank Governor Philip Lowe said inflation has passed its peak as the monthly CPI indicator continues to decline. Mr Lowe advised that the Board remains committed to lowering inflation and will continue to pay close attention to the global economy, household spending trends and the forecasts for inflation and the Australian labour market.
The announcement is good news for struggling families and home owners, and well-timed as we enter the booming spring property period.
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