RBA Keep Interest Rates On Hold

Interest Rates On Hold

The Reserve Bank of Australia today officially announced interest rates will be kept on hold at 4.5% for another month meaning borrowers have another month of steady payment costs, despite mounting inflation pressure.

 

As was widely expected, this marks the second consecutive month of unchanged rates, as the RBA assesses the pace of the local and global economic recovery.

 

The next RBA interest rate announcement will be on the 3rd August.