Cautious RBA keeps rates on hold in face of economic uncertainties
On the verge of a federal election and with global and domestic economic uncertainty swirling around the imposition of US tariffs, the RBA has acted with caution in keeping interest rates on hold.
Property prices could gain a new stimulus hit if an interest rate cut comes next month. (Image source: Shutterstock.com)
The Reserve Bank of Australia (RBA) has resisted any temptation to deliver a second successive interest rate cut, leaving the official cash rate at 4.10 per cent on Tuesday (1 April).
Household spending has been a concern of the RBA and the release of Australian Bureau of Statistics (ABS) data earlier in the day showing household spending rising for a second successive month has only added weight to RBA Governor Michele Bullock’s cautious stance…
