RBA leaves official interest rate on hold fuelling hopes mortgage repayment pain has peaked

Reserve Bank leaves cash rate at 4.35% at its first board meeting of 2024 in a move that was widely anticipated by economists as inflation eases

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The Reserve Bank has left its interest rate unchanged for a second meeting in a row, stoking the hopes of Australia's borrowers that the peak of repayment pain has passed.

At its first board meeting of 2024, the board on Tuesday left its cash rate at 4.35%. The decision was anticipated by all 29 economists surveyed by Reuters.

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