RBA holds as households struggle, property prices ease
Homeowners and property investors were spared an interest rate rise by the Reserve Bank of Australia, but cost of living concerns, inflation and easing property prices are big household issues.
Homeowners and property investors were spared an interest rate rise by the Reserve Bank of Australia, which has again used the first Tuesday of the month to keep the official cash rate on hold at 0.1 per cent.
But in less comforting news for householders struggling with skyrocketing bills, RBA governor Philip Lowe said inflation was poised to keep rising with no sign that wages were budging.
“Inflation has picked up and a further increase is ex…
