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RBA ‘patient’ on rates

The Reserve Bank of Australia has once again left the official cash rate steady at 0.1%, where it has been for the past 17 months.

In a statement, RBA Governor Philip Lowe said that while the war in Ukraine is a ‘major source of uncertainty’, the Australian economy remains resilient. Although inflation has ‘picked up’, he cited concerns about wages, energy and supply before concluding that the Board is ‘prepared to be patient’ on the question of raising interest rates.

About Adam Nobel

Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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