No shocks for market as rates stay on hold
The Reserve Bank of Australia is continuing to maintain its course on interest rates, repeating its stance that inflation and wages growth will not be strong enough to warrant a change until 2024 at the earliest.
Economists say the recent lockdowns may impact the Australian economy more than anticipated. Photo: Shutterstock (Image source: Shutterstock.com)
The Reserve Bank of Australia is continuing to maintain its course on interest rates, repeating its stance that inflation and wages growth will not be strong enough to warrant a change until 2024 at the earliest.
RBA governor Philip Lowe said while the labour market and overall economic recovery had been stronger than anticipated, inflation and wages growth remained subdued, and the RBA would leave the official cash rate at its historic low of 0…
