The Reserve Bank of Australia (RBA) has kept the cash rate at a record-low 0.10%, as the overwhelming majority of commentators expected.
Throughout this year, the RBA has said repeatedly it will not increase the cash rate until underlying inflation is within the 2–3% target range.
The RBA said this is unlikely to happen until 2024, because for inflation to rise, wages growth will first need to pick up from its current sluggish rate.
Regards,
Declan Hanratty
0409 089 456

6/12Blessington Street
ST KILDAVIC3182

Australian Credit Licence No. 383120
383120

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