Economic uncertainty prompts RBA to pause on interest rates
Departing RBA Governor Philip Lowe has said interest rates were kept on hold for a second month in a row due to economic uncertainty but where are they likely to go from here?
The RBA has cited economic uncertainty as reason for keeping interest rates on hold at 4.10 per cent at its 1 August monthly meeting. (Image source: Luke Francis/API Magazine)
A watchful Reserve Bank of Australia (RBA) has today announced that interest rates have been kept on hold for a second consecutive month.
Interest rates, which have been increased by 4 percentage points since May last year, remain unchanged at 4.10 per cent.
A statement from outgoing RBA Governor Philip Lowe
noted that higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will co…
