The Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.35 per cent at today’s meeting.
📆 The final RBA board meeting for the year will be on 9-10 December.
📉 Australia’s inflation rate fell to a 3.5-year low in September. The latest figures from the Australian Bureau of Statistics showed the Consumer Price Index (CPI) rose 0.2% this quarter.
Annual CPI inflation was 2.8 per cent in the September quarter, significantly down from 3.8 per cent in the June quarter. This was largely due to a fall in prices for electricity (thanks to Energy Bill Relief Fund rebates) and automotive fuel.
Headline inflation continues to trend lower, but underlying inflation remains persistent, according to a recent statement from the RBA: “Policy will need to be sufficiently restrictive until the Board is confident that inflation is moving sustainably towards the target range.”
🗣 James says: "Many Truly Finance clients are ready to see an RBA cut, to relieve persistent cost of living pressures and increases"
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James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Andrew O'Brien. Senior Mortgage Broker ☎️ 0451 308 292
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
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