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%.
It was a busy appearance for Mark Bouris on Sky News as he discussed a number of pressing issues that all homeowners are facing.
Bouris has appeared on Channel 7’s Sunrise, to call for the RBA to “move the target”, referring to the RBA’s target of returning inflation back to 2 – 3%.
The RBA has decided to hold the official cash rate for July to “provide some time to assess the impact of the increase in interest rates to date”.
Mark Bouris has told Sky News Australia that he is predicting property prices to buck the current upwards trend in the coming months, as we approach the ‘spring-selling’ season.
Mark Bouris has warned Australians that they’re “in for a very bumpy ride” over the coming 12 months, following this week’s record setting 12th rate increase in just 14 months.
Despite mounting public scrutiny, the Reserve Bank of Australia has decided to increase the official cash rate a further 0.25%, to 4.10%. This marks a cumulative increase in the cash rate of 4% since May 2022.
Following Tuesday’s federal budget, delivered by Treasurer Jim Chalmers, there have been some criticisms that the lasting impacts of the budget may contribute to inflation and the rising cost of living.
This week the RBA lifted interest rates by a further 0.25%, bringing the official cash rate to its highest point in over a decade, at 3.85%. This latest rate hike left many bewildered, as homeowners continue to suffer more than most due to the RBA remaining intent on...
