RBA interest rates: Reserve Bank holds cash rate at 4.35% as house prices continue to fall
by Luca Ittimani and Patrick Commins from World news | The Guardian on (#77KHK)
In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year
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The Reserve Bank has held the official cash rate at 4.35% but threatened to hike again if needed, as it warned falling house prices will slow income growth.
The widely expected decision comes after a steep decline in property values in Sydney and Melbourne arrived in Brisbane, Perth and Adelaide following three rate hikes earlier this year.
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