RBA resists mounting pressure to raise rates early
The Reserve Bank of Australia has held the official interest rate steady at 0.10 per cent, despite accelerating inflation and fixed rate hikes by the big four banks.
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The Reserve Bank of Australia announced that the cash rate will stay at the record low of 0.10 per cent for the eleventh month in a row.
The Reserve Bank has held the cash rate at its record low of 0.1 per cent at its September meeting, as continued Delta lockdowns curtail economic growth.
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The Reserve Bank of Australia has left the official interest rate on hold, but flagged key changes to its bond buying program as the economy continues to rebound.
With house price growth across the nation’s capital cities continuing to rise, many home buyers are choosing to escape the city in a bid to increase their purchasing power and gain more bang for their buck.
The Reserve Bank has kept the cash rate at a record low of 0.1 per cent, with inflation remaining below targets despite short-term spikes.
Australian's are spending record amounts on renovations according to the Housing Industry Association. COVID-19 travel bans coupled with generous government stimulus are undoubtedly fuelling the frenzy.