The Reserve Bank of Australia’s board (RBA) announced the cash rate is being held at 0.10%, where it has been since November 2020.
The move was widely anticipated, as the RBA’s board has said they do not expect to increase the cash rate until inflation is within the 2-3% target band. This is not expected to happen until 2024 “at the earliest”.
In underlying terms, inflation is currently at around 1.75%.
Regards,
Declan Hanratty
0409 089 456

6/12Blessington Street
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Australian Credit Licence No. 383120
383120

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