Mortgage holders are surely breathing a sigh of relief as the RBA left interest rates on hold for the third straight time.
But with inflation still not where the bank wants it to be, what does that decision mean for the economy?
Australia’s official cash rate has been left at 4.1 per cent at the RBA’s September meeting.
The final one for Governor Phillip Lowe who has not made many friends during his tenure that has seen rates skyrocket from near zero in recent months.
We’ve been told for months higher interest rates were necessary to keep inflation down, but while its still nowhere near where the RBA wants it to be, why are they pausing rates now?
