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Flat White

RBA holds interest rates at 4.1 per cent – borrowers still on edge

1 August 2023

4:07 PM

1 August 2023

4:07 PM

Labor’s Federal Treasurer Jim Chalmers insists that his ‘number one priority’ is offering support to those struggling Australian mortgage holders crippled under record rate rises. Those mortgage holders were all tuned in today, refreshing their social media feeds endlessly to see if another rate rise had slipped out of the RBA.

With an audible sigh of relief, the RBA confirmed that the cash rate will remain steady at 4.1

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