The Reserve Bank has held the cash rate steady at 4.10% in August.
Fact checked by Dominic Beattie
Published 01 Aug, 2023
The Reserve Bank has held the cash rate steady at 4.10% in August for the second month in a row.
As at 31 July, the ASX 30 Day Interbank Cash Rate Futures indicated an 86% expectation of an interest rate hold today.
NAB and ANZ economists correctly predicted the RBA would hold the cash rate this month, citing falling inflation figures and the uncertain economic outlook.
More to come...
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The Reserve Bank of Australia (RBA) has opted to leave the cash rate unchanged at 4.35% in February.
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