The Guardian Australia – News
·general
·1 hour ago
RBA holds cash rate at 4.35% as unemployment reaches four-year high
The Reserve Bank of Australia held its official cash rate at 4.35% on Tuesday as economic activity weakened and unemployment rose to 4.5%, a four-year high. The decision follows three consecutive rate hikes this year, leaving mortgage holders facing increased repayments. Economists predict rates may decrease by mid-2027 amid rising inflation pressures.
Summary by OZbrief · The Guardian Australia – News
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