Why the RBA held rates
Mortgage-borrowers across the country have been left shell-shocked by the RBA's decision to keep the cash rate steady at 3.85 per cent. Treasurer Jim Chalmers says "it's not the result millions of Australians were hoping for." But while the Government has been at pains to stress the RBA makes decisions independently, with global instability continuing, is this a sign there are more rough economic waters ahead of us? Patricia Karvelas and Tom Crowley break it all down on Politics Now. Got a burning question? Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected]
Politics Now · Australian Broadcasting Corporation
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Show Notes
Mortgage-borrowers across the country have been left shell-shocked by the RBA's decision to keep the cash rate steady at 3.85 per cent. Treasurer Jim Chalmers says "it's not the result millions of Australians were hoping for."
But while the Government has been at pains to stress the RBA makes decisions independently, with global instability continuing, is this a sign there are more rough economic waters ahead of us?Patricia Karvelas and Tom Crowley break it all down on Politics Now.
Got a burning question?
Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected]