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The Guardian - AU

National

Peter Hannam Economics correspondent

Hopes for a future rate cut improve but RBA leaves interest rates on hold for now

RBA Interest Rates Australia Michele Bullock Inflation

house for sale in Sydney — Interest rates on hold: the RBA governor, Michele Bullock, has said the board wants to be convinced inflation will subside ‘sustainably’ to within its 2%-3% target range. Photograph: Bloomberg/Getty Images

The Reserve Bank has denied Australian borrowers a pre-Christmas bonus, leaving interest rates on hold for a ninth consecutive meeting.

Hopes for a near-term rate cut improved, however, with the RBA’s board saying it was “gaining some confidence that inflation is moving sustainably towards target”.

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