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The Guardian - AU

National

Peter Hannam

No talk of hikes, no cut on the horizon: why RBA thinks it’s in the ‘right spot’ with interest rates

RBA Michele Bullock Inflation Interest Rates Australia United States

Woman with glasses speaks into a microphone — Michele Bullock said the progress in getting underlying inflation down has slowed, and will probably remain slow in the September quarter Photograph: Bianca de Marchi/AAP

The good news is the Reserve Bank is all but done lifting interest rates. Less good news is that the central bank is also not about to cut them.

Those were probably the key takeaways from the RBA’s sixth board meeting of 2024 and the seventh since it last slugged borrowers with it’s last cash rate hike.

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