RBA expected to maintain 4.35% cash rate, with economists predicting interest rate hike pause.
The Reserve Bank of Australia (RBA) is expected to maintain its cash rate at 4.35% during its upcoming board meeting, as economists predict a pause in interest rate hikes. The four major banks anticipate the next interest rate move to be a cut, but mortgage-holders may have to wait until November for potential relief. The RBA will review recent economic data, including jobs, inflation, and state and federal budgets, before deciding on the cash rate.
June 16, 2024
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