Australia's Reserve Bank expected to hold rates steady
Australia’s Reserve Bank will decide on Aug 6 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 RBA will stay with the current official cash rate of 4.35 per cent. Roger Maynard reports.
Australia’s Reserve Bank will decide on Aug 6 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 RBA will stay with the current official cash rate of 4.35 per cent. Roger Maynard reports.
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