RBA Maintains Steady Rates for Seventh Consecutive Meeting 📉
The Reserve Bank has held interest rates steady for the seventh consecutive time, offering no relief to mortgage borrowers amid ongoing financial pressures.
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There was no relief for borrowers in the grips of mortgage stress today, with the Reserve Bank opting to keep rates on hold for the seventh straight time. The governor conceded that she knows Australian households are hurting but says getting inflation under control means making tough decisions.
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Published
Sep 25, 2024
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