Christmas reprieve as interest rates left unchanged
Improved inflation figures have encouraged the Reserve Bank of Australia (RBA) to hold off on a December interest rate hike.
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With the release of new research showing the average borrower has paid more than $24,000 extra in interest as a result of the RBA rate rises over the last 20 months, news of a December rate hold will come as a relief to millions of borrowers.
New RBA Governor Michele Bullock had held rates steady in her first monthly cash rate decision, raised rates 0.25 per cent in November
and decided on Tuesday (5 December) to again hold in response to declin…
