RBA left cash rate on hold at 4.35%
The Reserve Bank of Australia (RBA) held the cash rate unchanged in its final monetary policy decision of the year at its board meeting today. The decision comes as new Australian Bureau of Statistics statistics indicate annual inflation fell substantially in October, from 5.6% to 4.9%, as higher interest rates acted as a cooling the economy.
However, while inflation has fallen dramatically from its peak of 8.4% in December 2022, RBA governor Michele Bullock recently warned that "homegrown" inflation has been more persistent than projected.
As a result, many people believe we aren't out of the woods yet.
With the interest rate picture looking unpredictable, it can be beneficial to speak with an expert if you're considering to sell. Contact YES Real Estate if you would like to discuss your situation and options.
