Reserve Bank Curbs Rate-Cut Hopes
A crucial economic data in coming weeks will determine when mortgage holders can expect more interest rate relief.
The Reserve Bank is in no rush to cut interest rates again, as it waits for more economic data to guide its next steps.
The central bank is worried inflation may be stronger than expected, driven partly by price growth in the services economy.
- Healthcare
- Finance
- Hospitality
Inflation data for the September quarter will be crucial to understanding the future direction of Australia's economy.
The bank's board said on Tuesday that it will be waiting for more economic data before making any decisions.
Author's summary: Reserve Bank delays interest rate cuts.
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