RBA rates on hold, progress; mortgage pain continues

(Image: Bloomberg)

Wed, 06 Nov 2024

By Poppy JohnstonInterest rates have been left on hold, and the Reserve Bank of Australia (RBA) remains steadfast in its inflation fight, even as it downgrades expectations for the economy.On Tuesday, interest rates were left at 4.35%, a move universally expected and marking 12 months at that level. Some economists were expecting a more pronounced shift in tone to reflect progress on inflation and the updated forecasts.'Inflation momentum'ANZ head of Australian economics Adam Boyton said the all-important final paragraph in the pos...

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