Mortgage holders breathed a sigh of relief today as the RBA announced its decision to leave interest rates on hold for what is only the second consecutive month since May 2022.
Providing welcome respite from the past year’s relentless interest rate rises, the Reserve Bank Governor Philip Lowe said the decision gives the Board time to assess the state of the economy as inflation begins to fall.
While today’s news is positive, several economists are forecasting another hike before the peak of the interest rate cycle. But for now, the cash rate remains at 4.10%.
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