The official interest rate has remained unchanged at 4.35 per cent following the Reserve Bank of Australia’s (RBA) board meeting this month.
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Even though prices fell in May, overall inflation has lifted to a six-month high of 4 per cent. Mortgage holders face a nervous wait for the Reserve Bank’s next meeting.
The official interest rate has remained unchanged at 4.35 per cent following the Reserve Bank of Australia’s (RBA) board meeting this month.
The Reserve Bank of Australia has kept the cash rate on hold at 4.35 per cent at its June meeting, but hasn’t ruled out a further hike if sticky...
The ASX was down 0.1 per cent as markets reflected on a hawkish undertone in the Reserve Bank's interest rate decision.
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
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This is currently the lowest rate in the country and below the average inflation rate of 3.1 per cent, province says
After the Reserve Bank kept interest rates on hold last week, it will get further clues on inflation and how well interest rate hikes are working.
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