Reserve Bank Curbs Rate-Cut Hopes
A crucial economic data release in the coming weeks will determine when mortgage holders can expect interest rate relief.
The Reserve Bank is not rushing to cut interest rates, as per the minutes from its last meeting, and is waiting for more economic data to guide its next steps.
- The central bank is concerned that inflation may be stronger than expected.
- Price growth in the services economy, including healthcare, finance, and hospitality, is driving inflation.
Inflation data for the September quarter, to be released at the end of October, will be crucial in understanding the future direction of Australia's economy.
Login or signup to continue reading the full article.
No direct quote available in the given text.
Author's summary: Reserve Bank delays interest rate cut decision.
More News
- Splitting of attorney-general’s role ‘necessary’, Christodoulides says
- At Request of Pope Leo, Cardinal Presides Over Act of Reparation to Restore Sanctity in St. Peter’s Basilica Following Altar Desecration
- Costa Coffee for a pound? Where to get cheap coffee for today only
- Cosmetics Frontshop Assistant Opportunity at Dis-Chem Knysna Mall - Youth Village
- Silver Price Rise to Record Highs and Why It Might Not Be Too Late To Buy
- Dallas boosted police numbers before Trump’s crime rhetoric. Now the city is feeling the effects.
- P&O’s Iona Enters Drydock in Northern Europe - Cruise Industry News | Cruise News
- Jet2holidays introduces self-service improvement for agents
- 'Longest serving independent coffee shop' in town reveals secret to success
- Trump 'declaration for lasting peace' in full as he dodges Palestinian state question