No Relief for Mortgage Holders: RBA Keeps Rates Steady
Update: 2025-12-09
Description
Reserve Bank governor, Michele Bullock, has ruled out any near-term relief from interest rates for mortgage holders. The cash rate remains at three point six percent, with no signs of further cuts due to inflation expectations and a cautious approach by the monetary policy board. The private sector is now the main economic driver, and the job market is tight. Bullock warns of potential rate hikes if inflationary pressures persist, a stark contrast to previous expectations of further cuts. The bank will assess the economys spare capacity before its next meeting.
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