Rate pause won't last: RBA
finance-advice

Rate pause won't last: RBA

By webmaster

Interest rates will most likely rise again this year, according to the RBA.

Minutes from the latest RBA monetary policy board meeting, taken on October 5 and released today, said that while the overall global outlook was broadly unchanged, interest rates would need to rise "at some point".

“Global economic growth remained around trend, but with significant differences across regions,” the minutes read.

“In the North Atlantic economies, growth remained subdued, while growth prospects for Asia remain solid.”

“As such, the Board concluded that it would be appropriate to hold the cash rate steady for the time being, pending evaluation of further information at the next meeting.”ungry to enter market

promoted stories
Email:

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
SOLDIERS POINT 48.92%
2.
BLUE BAY 43.96%
3.
BERKELEY VALE 42.74%
4.
LEMON TREE PASSAGE 42.55%
5.
NORTH NARRABEEN 40.19%
Rate pause won't last: RBA
SPI logo