- Reserve Bank has interest rates on hold
Millions of Australian home loans were a joke from April Fool's Day because they were denied an interest rate reduction during a crisis of the costs of life.
The Reserve Bank left the cash rate on 4.1 percent on Tuesday and refused to reduce the rates as in February.
Prime Minister Anthony Albanese also misses a reduction in an election campaign rate, in which polls demonstrate that none of the large parties will probably have a majority in the next parliament.
Headline inflation at 2.4 percent is in the middle of the goal of 2 to 3 percent of the RBA.
But during the last meeting, the RBA hinted that it could see the inflation shoot again too quickly.
The Futuresmarkt had considered a rate reduction as a 10 percent chance in the two -day meeting of the Reserve Bank.
The RBA met on Monday and Tuesday, a week after the federal government extended its quarterly cladding of $ 75 by another six months until the end of December.
Before that announcement it was feared that inflation climbed to 3.7 percent by the end of 2025.
Treasury's budget paper predicted the inflation of the headline, also known as the consumer price index, which climbs to 3 percent in the mid -2026, after the end of those electricity discounts.
Millions of Australian home loans have been joked from April Fool's Day because they were denied an interest rate during a crisis of the costs of life (the Martin Place of Sydney is depicted)
The Reserve Bank left the cash rate on 4.1 percent on Tuesday and refused to reduce the rates as in February (Governor Michele Bullock was shown)
