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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Australia
1 mins to read

Rates on hold at the RBA

Michelle Bullock began her tenure as RBA Governor without controversy, with the bank leaving rates on hold as the market expected.

The RBA has hiked rates by 4 percentage points since May last year.

Australian inflation is past its peak and recent data suggests that it may fall back into the RBA’s 2% to 3% target range by late 2025, according to a statement from the central bank today.

The RBA’s decision to hold its official cash rate on hold at 4.1% for the third consecutive month was

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Lachlan Colquhoun Tue, 03 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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Rates on hold at the RBA
Australia,
101109
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