RBA Release May 2024 - Interest rates on hold but to stay higher for longer
As many predicted, The RBA released its latest rate decision to leave the cash rate unchanged at 4.35%. However, in light of the recent strong inflation data predicting that inflation will continue to stay high for some time yet, further rate hikes are still possible with The Board emphasizing that its priority is still to return inflation to target. Please contact the Proxima Financial Planning office on 08 8332 4700 or by email info@proximafg.com.au, if you have any further queries or concerns.