RBA makes cash rate call for August

The Reserve Bank of Australia has made its latest call on the official cash rate.

RBA makes cash rate call for August

Recent localised lockdowns have cooled chatter of an impending rate hike, with the central bank announcing on Tuesday that it has held the cash rate at a record-low 0.1 of a percentage point for another month.

For months, speculation has been running wild about interest rates rising before the RBA’s long-term ‘deadline’ of 2024, but with Greater Sydney under strict stay-at-home orders and several other capitals in and out of short circuit-breaker lockdowns, chatter appears to have been premature.

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Jason Gwerder
Tuesday, 3 August 2021

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