The Reserve Bank has opted to keep interest rates steady at 4.35 per cent, with struggling households set for a long wait before any potential relief. Join Skynews.com.au for analysis of the latest rates decision.
Struggling households are being made to wait for rate relief, with the RBA again opting against a cut at its latest meeting. Join Skynews.com.au for analysis of the latest rates decision.
That is despite pressure from some sources following the United States Federal Reserve decision to slash rates by 50 basis points and continuing signs of weakness in the Australian economy. Greens MPs have been calling for a cut for months and even went so far as to demand Treasurer Jim Chalmers override the RBA and lower rates in exchange for supporting the government's proposed reforms of the central bank.
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