The Reserve Bank of Australia (RBA) left the cash rate unchanged at 3.60% following its September monetary policy meeting. Read the full statement here.
The decision was widely expected after the RBA cut the cash rate in August and inflation rose.
Speaking to the House of Representatives Standing Committee on Economics last week, RBA governor Michele Bullock explained that the Board is watching how the economy responds to recent moves before deciding on any further changes. “Forecasts are just that – forecasts. And the economic outlook continues to be clouded by uncertainty,” she said.
This highlights the RBA’s cautious approach, balancing signs of stronger growth with ongoing risks at home and abroad.
Contact me if you’d like to discuss the current cash rate environment and how it may affect your current loan or future borrowing plans.
