RBA Update - November 2024 - Held
The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 4.35% after its monetary policy meeting today.
 
This marks a year since the last change, which was an increase of 0.25 percentage points in November 2023.
 
The decision was in line with expectations, as it comes shortly after the Australian Bureau of Statistics released the latest inflation data, showing a 2.8% annual increase in the September 2024 quarter, down from a 3.8% increase in the June quarter.
 
With inflation moving in the right direction, market commentators are increasingly forecasting interest rate cuts in early 2025.
 
Contact me if you’d like to discuss how the RBA’s decision impacts your situation.

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