The Reserve Bank of Australia (RBA) has kept the cash rate unchanged in May following its monthly board meeting, despite surging property prices and a resurgent economy.
RBA governor Philip Lowe said the central bank “would be monitoring trends in housing borrowing and the maintenance of lending standards carefully” given that prices were rising in most markets.
However, the RBA’s board “will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.”
This is not expected to happen until 2024 at the earliest.
Kind regards,
Declan Hanratty
0409 089 456

3/178b Gooch Street
THORNBURY VIC 3071

Australian Credit Licence No. 383120
383120

This email was sent to [email protected].
Having trouble viewing this email? View it in your browser.
Don’t want to receive these anymore? Unsubscribe here.
Powered by ActivePipe