Cash rate held steady at 12-year high of 4.35% in move widely expected by economistsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralian borrowers have been granted another reprieve with the Reserve Bank holding its key interest rate steady for a third meeting in a row as inflation continues to ebb towards its target range.The RBA board left its cash rate unchanged at a 12-year high of 4.35% after its second two-day gathering of 2024 concluded on Tuesday afternoon. The result was widely expected by economists.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/mar/19/rba-rates-decision-interest-rate-unchanged-for-third-meeting-in-a-row-as-australian-borrowers-granted-reprieve
Author : Peter Hannam Economics correspondent
Publish date : 2024-03-19 03:50:06
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RBA rates decision: interest rate unchanged for third meeting in a row as Australian borrowers granted reprieve
