Afternoon Update: RBA holds interest rates; captive birds to be vaccinated; and one of Sam Neill’s final interviews
Want to get this in your inbox every weekday? It came as no surprise, but it will be welcome news for homeowners nonetheless. In a widely expected decision, and despite persistent worries about elevated inflation, the Reserve Bank held the cash rate at 4.35%. The announcement comes amid a…
The Reserve Bank of Australia (RBA) decided to maintain the cash rate at 4.35%, despite concerns over high inflation. This decision comes after three rate hikes this year and the implementation of significant reforms to capital gains tax discount and negative gearing. Inflation eased to 3.8% in June, but the central bank is still considering a fourth hike to reach its 2.5% target without causing unemployment to rise.
Written by urgent.news from The Guardian Australia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
