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The Guardian - AU
The Guardian - AU
National
Peter Hannam

RBA leaves official interest rate on hold fuelling hopes mortgage repayment pain has peaked

RBA Inflation Warwick McKibbin
An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney
At its first board meeting of 2024 the RBA left its key interest rate unchanged at 4.35%. Photograph: Daniel Munoz/Reuters

The Reserve Bank has left its interest rate unchanged for a second meeting in a row, stoking the hopes of Australia’s borrowers that the peak of repayment pain has passed.

At its first board meeting of 2024, the board on Tuesday left its cash rate at 4.35%. The decision was anticipated by all 29 economists surveyed by Reuters.

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