April cash rate remains unchanged at 3.60%
Following ten consecutive rate rises, the Reserve Bank of Australia (RBA) today decided to hold the official cash rate at 3.60%.
Today’s decision was spurred by turmoil in global banking markets and the monthly CPI indicator showing local inflation had eased last month.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.