Reserve Bank board members say February cut does ‘not commit them to further reductions in the cash rate target at subsequent meetings’
Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast
The Reserve Bank is cautious about future cash rate cuts and doesn’t view last month’s decision to reduce the official interest rate level as a commitment to make further reductions, according to the minutes of the bank’s recent board meeting.
The 18 February meeting minutes, released on Tuesday, deflate the hopes of mortgage holders of another quick-fire reprieve in lending rates. They also appear to make another pre-election rate cut less likely.
Sign up for Guardian Australia’s breaking news email
Continue reading…
Source link : https://www.theguardian.com/australia-news/2025/mar/04/rba-board-minutes-more-interest-rate-cuts-unlikely
Author : Jonathan Barrett Business editor
Publish date : 2025-03-04 03:31:00
Copyright for syndicated content belongs to the linked Source.
