RBA does nothing!

Boring, isn't it?

The Reserve Bank of Australia (RBA) has announced a hold on the current cash rate of 4.35%. The rate hasn't changed since November 2023.

In the RBA's statement, they reckon inflation is taking longer to come down than they expected. Yawn.

The inflation monster is dead. It's time the RBA got with the programme and gave homeowners a break.

At least they didn't put rates up ... that would have been akin to wilful damage.

The Reserve Bank Board will next meet on 5 November. Let's hope they do the right thing.