We had hoped, but didn’t really think it would happen – and sure enough, the Reserve Bank (RBA) did not lower interest rates this week, leaving the official cash rate on hold at 4.35%.
Despite inflation showing substantial falls since it peaked in 2022, the RBA board says it is still too high and that ‘the outlook remains uncertain’. The Board will meet again in the first week of November but economists are now not expecting any movement before 2025.
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