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Cash Rate On Hold: What This Means for Australian Homeowners & Economy

Once again, to the relief of Australian home owners, The Reserve Bank has decided to leave the cash rate on hold at 4.10%.

This suggests that the recent interest rate rises have begun to establish a more sustainable balance between supply and demand in the economy.

Inflation in Australia is still too high but forecasts suggest that it will continue to decline and return to an acceptable range by the end of 2025.

This marks the fifth instance where the RBA has halted its ongoing rate hike initiative since May 2022, which was initiated to curb escalating inflation. The cash rate remains at its highest level since April 2012.

The decision to keep rates steady aligns with the anticipated stance of financial markets and economists, despite a slight uptick in inflation to 5.2% in August from 4.9% in July.

To speak with an experienced agent about how this may affect you, or to enquire about joining Freedom, fill in the form below.


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