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Australian Reserve Bank leaves interest rates on hold at 4.35 percent

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2024, 5:19pm
Photo / 123RF
Photo / 123RF

Australian Reserve Bank leaves interest rates on hold at 4.35 percent

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2024, 5:19pm

There's no reprieve for Australian borrowers just yet, as the Reserve Bank decided to leave rates on hold.

Australia's Official Cash Rate was held steady at 4.35 percent, in line with expectations from economists.

Australian correspondent Murray Olds says people are screaming for relief - but the Bank is determined to bring inflation down.

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