The Reserve Bank now says that when it comes to interest rates, it is “not ruling anything in or out”.
A six-word change in Reserve Bank language has given hard-pressed home buyers, struggling businesses and distressed renters a crack of hope.
RBA governor Michele Bullock used her first press conference in charge of the institution to argue “we have maintained the option that it might be that there has to be more rate rises”.on Disney+, saving every cent for a copy of. And the Reserve Bank now says that when it comes to interest rates, it is “not ruling anything in or out”.Gone is an explicit suggestion that the next move could be up.
The other impression left by the bank, which goes to show it is in the midst of a shift from a rate hike mentality to a rate cut headspace, is its clear uncertainty. In its February statement, uncertainty was referenced five times, but that climbed to seven this month.
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Reserve Bank of Australia holds steady on interest rates in second decision of the year7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
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