In somewhat positive news for mortgage holders and Australians, annual inflation fell to 4.9% in the 12 months to October, a significant decrease from the year to September, where inflation was 5.6%. It’s a long way from the peak of inflation in December 2022, which reached 8.4%!
The RBA has delivered an increase of 0.25% to the official cash rate, leaving it at 4.35% for November.
Interest rates remain on hold for the fourth consecutive month, as the Reserve Bank of Australia (RBA) left the official cash rate at 4.10% at the October board meeting.
The cash rate is on hold for the third consecutive month as the Reserve Bank of Australia (RBA) Board held its monthly meeting in which it sets the official interest rate. The Cash Rate remains at 4.10%.
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“How come house prices have gone up so much? Property prices have gone up so much because we’ve got a lack of supply?” Mark Bouris asks the tough questions on Channel Nine.
It’s extraordinary. We’ve had 400 basis points, or a 4% increase in interest rates since a year and a half ago. How long can this country sustain that without falling into recession?
The cash rate is on hold for the second consecutive month as the Reserve Bank of Australia (RBA) Board held its monthly meeting in which it sets the official interest rate. The Cash Rate remains at 4.10%.
