The Reserve Bank of Australia (RBA) has left the cash rate at 4.10% for the fourth consecutive month, as many commentators had expected.
While the RBA has said in the past few months that it may increase the cash rate in the future, many commentators believe that rates have now peaked.
Inflation will be the key. If it keeps trending down, the RBA may refrain from making further rate hikes. But if it starts rising again, the RBA may feel it needs to increase rates again.
Contact us if you’d like to discuss the current interest rate environment, and how it may affect your current loan or future borrowing plans.
Read the full statement from the RBA here.
