At The RBA meeting held today, Philip Lowe’s penultimate board meeting as governor,  the decision was made to leave the cash rate unchanged at 4.10%

Inflation in Australia has passed its peak but will continue to remain high for some time yet.  Growth has slowed and conditions in the labour market have eased somewhat, although both still remain very tight.

Further tightening of the monetary policy may still be required to ensure that inflation returns to target in a reasonable timeframe, mid 2025.

Please contact us below if you have any further queries or concerns.

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