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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank

RBA interest rates: the Reserve Bank of Australia has left the official cash rate at 4.35% in December.
RBA interest rates: the Reserve Bank of Australia has left the official cash rate at 4.35% in December. Photograph: Steven Saphore/Reuters

Australia’s borrowers have been spared a pre-Christmas interest rate rise with the Reserve Bank remaining on hold at its final board meeting of 2023.

The RBA left its cash rate at 4.35% on Tuesday, a move widely expected by financial markets and economists after the inflation rate resumed its slowdown in October to 4.9% and the jobless rate ticked higher.

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