Disappointment Grows as RBA Holds Interest Rates Steady at 3.6% 📉

The Reserve Bank has left interest rates on hold at 3.6 per cent after lowering them three times this year, from a peak of 4.35 per cent before February's board meeting. In her post-meeting press conference, RBA governor Michele Bullock said the central bank was wary of any uptick in inflation and was taking a cautious approach. The Reserve Bank says rising house prices and a surge in borrowing are signs that existing interest cuts are already working even though their full effect won't be felt for months to come. Some economists think the RBA won't lower rates again until 2026. Richard Whitten, the senior money editor of Finder, says most mortgage borrowers with variable loans should already be on an interest rate of 5.5 per cent or less.
#ABCBusiness

Subscribe: http://ab.co/1svxLVE
Read more here:
https://www.abc.net.au/news/2025-09-30/rba-leaves-interest-rates-on-hold-in-september/105835342


ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia