Cash rate update for November 2024
RBA Holds Cash Rate at 4.35% Amid Economic Balancing Act
Cash rate update for September 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. August 2024 data shows unemployment rates steady at 4.2% but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50% to 4.75% last week to […]
Cash rate update for August 2024
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. With the June 2024 quarter Consumer Price Index (CPI) coming in slightly lower than some expected at 3.8% and monthly unemployment rising to 4.1% in June 2024, this decision reflects the RBA’s cautious approach and […]