First RBA decision of 2024 sees interest rates kept on hold
Another interest rate hike was not yet out of the question despite the RBA opting to keep rates on hold at its first monthly Board meeting of the year.
A softening of the inflation rate has prompted the RBA to keep interest rates on hold in February. (Image source: Shutterstock.com)
Interest rates have been kept on hold at at 4.35 per cent in the first Reserve Bank of Australia (RBA) decision of 2024.
The RBA’s Monetary Policy Decision, announced Tuesday (6 February), centred its focus on inflation, which it said was still high at 4.1 per cent but dipped lower than its November forecasts had predicted.
The decision will go some way towards easing concerns among borrowers that rates could be lifted one more time before easi…
