Why the RBA shocked borrowers and held rates
The Reserve Bank board has defied the expectations of investors, many economists and even the treasurer. It’s not giving borrowers an interest rate cut this month, revealing a six to three split on the decision to keep rates on hold. Today, the ABC’s business editor Michael Janda on whether the RBA is playing it too safe. Featured: Michael Janda, ABC Business Editor
ABC News Daily · Australian Broadcasting Corporation
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Show Notes
The Reserve Bank board has defied the expectations of investors, many economists and even the treasurer.
It’s not giving borrowers an interest rate cut this month, revealing a six to three split on the decision to keep rates on hold.
Today, the ABC’s business editor Michael Janda on whether the RBA is playing it too safe.
Featured:
Michael Janda, ABC Business Editor