Interest rates kept on hold as inflation starts to ease
In what was widely regarded as a fifty-fifty call, the Reserve Bank of Australia has taken a wait and see approach to interest rates this month.
Despite inflation remaining well above the RBA's preferred level of 2 to 3 per cent, it has opted to keep rates on hold in July. (Image source: Shutterstock.com)
Borrowers have been given a reprieve, however briefly, as the Reserve Bank of Australia (RBA) opted to leave rates on hold at its July monthly board meeting held just moments ago.
The official cash rate will remain at 4.10 per cent but RBA Governor Philip Lowe has indicated that it may not yet be the end of rate rises.
Inflation has eased from its peak but is still a thorn in the side of the economy.
Today’s decision is just the second meeting…
