Interest rates may have peaked, as RBA keeps cash rate on hold
BREAKING NEWS: The RBA has responded to the shifting economic landscape by keeping interest rates on hold at its June meeting.
The stuttering property market may be buoyed by the decision to keep rates on hold. (Image source: EyeofPaul/Shutterstock.com + RBA)
An interest rate rise that seemed a safe bet just a few weeks ago has been kicked to the kerb by the Reserve Bank of Australia (RBA) until at least their next meeting in August.
The reprieve for mortgage holders owed much to recent economic developments, including this week’s vague but hopeful agreement to open the Straits of Hormuz, the unemployment rate increasing to 4.5 per cent, and inflation showing signs of moderating.
The RBA claims to pay…
