The Reserve Bank has kept interest rates unchanged for the seventh consecutive meeting, maintaining pressure on mortgage holders ahead of inflation data expected to show only slight moderation.

After a two-day meeting, the RBA held the rate at 4.35%, marking 10 months since the last change.

This follows the US Federal Reserve's recent rate cut to 4.75-5%. The RBA stated it is keeping options open, with no clear indication of future rate increases.

Warren Hogan, managing director of EQ Economics &amp; economic adviser to Judo Bank, explains to Clinton that Wednesday's inflation figures could be misleading as they are monthly, not quarterly, and they will be distorted by energy bill rebates.

The Reserve Bank has kept interest rates unchanged for the seventh consecutive meeting, maintaining pressure on mortgage holders ahead of inflation data expected to show only slight moderation.
After a two-day meeting, the RBA held the rate at 4.35%, marking 10 months since the last change.
This follows the US Federal Reserve's recent rate cut to 4.75-5%. The RBA stated it is keeping options open, with no clear indication of future rate increases.
Warren Hogan, managing director of EQ Economics &amp;amp; economic adviser to Judo Bank, explains to Clinton that Wednesday's inflation figures could be misleading as they are monthly, not quarterly, and they will be distorted by energy bill rebates.

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