No surprises as RBA keeps rates on hold
The Reserve Bank of Australia has kept the official cash rate at its record low of 0.1 per cent, and says it expects it to remain at that level until 2024 at the earliest.
The RBA says record-low interest rates is likely to be a long-term position. Photo: Shutterstock (Image source: Shutterstock.com)
The Reserve Bank of Australia has kept the official cash rate at its record low of 0.1 per cent, and says it expects it to remain at that level until 2024 at the earliest.
The RBA’s decision was in line with the expectations of all 41 experts and economists surveyed by Finder in its latest RBA Cash Rate Survey.
RBA governor Philip Lowe said while the Australian economy’s recovery had been stronger than previously expected and was likely to cont…
