The RBA has kept interest rates on hold. Here's why it'll be cautious from here on
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Lukas Coch/AAPThe Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.
In his statement released after Tuesday’s board meeting, Governor Philip Lowe said while inflation was still too high and set to remain so for some time yet,...
