The Reserve lender has left borrowing charge rates on hold at a 12-year high after inflation fell by more than expected towards the end of 2023. It means the cash rate remains at 4.35 per cent. Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-02-06/rba-board-keeps-cash-rate-steady-february-2024/103431110
Most economists are predicting a rate cut this year. But the RBA says that’s far from certain, and even indicated another rate hike is possible. Westpac chief economist Luci Ellis, a former RBA assistant governor, says she’s not expecting a recession — even if there’s another rate hike.
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