RBA maintains cash rate at 4.10%, fostering property market confidence.
Sam Weerawarna
Posted on 22 Mar 2024
- The Reserve Bank of Australia (RBA) has announced that it will maintain the cash rate at 4.10%, marking the third consecutive meeting without a change. This decision aligns with expectations, particularly following recent data from the Australian Bureau of Statistics showing a slowdown in annual inflation from 5.4% in June to 4.9% in July.
- With interest rates staying put, confidence is returning to the property market, evident in increased activity among buyers and sellers during the crucial autumn season. Real estate agents in the major capitals are anticipating a robust season with a sense of stability reemerging in the market, despite the ongoing imbalance between buyers and sellers.
