RBA holds interest rate but Michele Bullock warns war on inflation ‘isn’t yet won’
by Peter Hannam Economics correspondent and Luca Itti from World news | The Guardian on (#6KERK)
Governor says Australia is making progress' but too early to say when Reserve Bank will end tightening
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Australian borrowers have been granted another reprieve by the Reserve Bank but should not expect an early rate cut because the war against inflation isn't yet won", governor Michele Bullock said.
The RBA board left its cash rate unchanged at a 12-year high of 4.35% after its second two-day gathering of 2024 concluded on Tuesday afternoon. The result was widely expected by economists.
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