No talk of hikes, no cut on the horizon: why RBA thinks it’s in the ‘right spot’ with interest rates

There was good news and bad news as Australia's central bank held the interest rate steady for the seventh time in a row

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The good news is the Reserve Bank is all but done lifting interest rates. Less good news is that the central bank is also not about to cut them.

Those were probably the key takeaways from the RBA's sixth board meeting of 2024 and the seventh since it last slugged borrowers with it's last cash rate hike.

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Peter Hannam is Guardian Australia's economics correspondent