7 News
·general
·1 hour ago
RBA holds official cash rate at 4.35 percent, easing household pressures
The Reserve Bank of Australia kept the official cash rate at 4.35 percent on Tuesday, providing relief for millions of households. This decision comes amid ongoing concerns over high inflation and economic pressures from the Middle East conflict. A fourth consecutive rate hike would have marked a level not seen since November 2011.
Summary by OZbrief · 7 News
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