For the third consecutive month, The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.10%.
The decision to maintain the cash rate at 4.10% comes after the monthly Consumer Price Index (CPI) fell to 4.9% in July, down from a peak of 8.4% in December last year.
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Original Author: Produced by Financial Partners (TAS) and published on 05/09/2023 Source