The Reserve Bank (RBA) has again decided this week to make no change to interest rates, leaving the official cash rate at 4.1%.
The decision was widely expected by economists, since recent indicators have been showing inflation is cooling. The RBA has not lifted interest rates since June.
In his final statement as RBA governor, Philip Lowe warned that although inflation was declining, increases might yet be needed to curb inflation in the future ‘but that will continue to depend upon the data and the evolving assessment of risks’.
