The Reserve Bank of Australia (RBA) has announced its decision to maintain the official interest rate at 3.6%.
This move follows a series of three interest rate reductions by the RBA board earlier in 2025, with the most recent cut implemented in August. The central bank’s decision to keep rates steady was broadly anticipated by financial markets.
RBA Governor Michele Bullock is scheduled to hold a press conference in Sydney to provide further explanation regarding the central bank’s monetary policy stance. In response, Treasurer Jim Chalmers addressed reporters, acknowledging the potential implications of the RBA’s rate decision for mortgage holders.
Source: www.theguardian.com