Interest rates on hold but mid-year cut now looking unlikely
The RBA has kept interest rates on hold at 4.35 per cent but expectations of a rate cut within the next few months are diminishing as economic conditions force the reserve bank's hand.
While the latest RBA decision did not come as a surprise, expectations of an imminent rate cut have receded. (Image source: Shutterstock.com)
Borrowers can take solace in the realisation that interest rates have probably hit their peak, with the Reserve Bank of Australia keeping the official cash rate at 4.35 per cent at its March meeting held Tuesday (19 March).
That optimism, however, is being tempered by the prospect of a mid-year rate cut growing increasingly remote.
Economists and finance experts have all but abandoned predictions of a mid-year reprieve for borrowers, with a nea…
