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Still no change: RBA

As widely anticipated, the Reserve Bank has once more kept interest rates steady at 4.35% at the conclusion of its two-day policy meeting this week.

In her post-meeting statement, RBA governor Michelle Bullock said that while inflation is easing, it is not happening fast enough to be reliable.

“The Board expects that it will be some time yet before inflation is sustainably in the target range. While recent data have been mixed, they have reinforced the need to remain vigilant to upside risks to inflation”, she added.

Due to restructuring of the RBA policy sessions, there will be no further decisions on the cash rate until the Board meets again in August.

We hope you have enjoyed this article. It is our pleasure being your real estate agents in Brisbane.

If you would like any assistance or advice, please feel very welcome to get in touch with our Brisbane real estate agents, Brisbane property management team, or Brisbane buyers agents.

About Adam Nobel

CEO | 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, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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