Australia's RBA tipped to hold cash rate at 4.35%
Australia's central bank will decide on Tuesday (Aug 6) on whether to raise interest rates in the wake of a worsening cost-of-living crisis. Some economists have warned that a further rise in the official bank rate risks tipping Australia into a recession. However, the latest inflation figures have given cause for hope the Reserve Bank of Australia will stay with the current official cash rate of 4.35 per cent. Roger Maynard reports.
Australia's central bank will decide on Tuesday (Aug 6) on whether to raise interest rates in the wake of a worsening cost-of-living crisis. Some economists have warned that a further rise in the official bank rate risks tipping Australia into a recession. However, the latest inflation figures have given cause for hope the Reserve Bank of Australia will stay with the current official cash rate of 4.35 per cent. Roger Maynard reports.
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