Reserve Bank of Australia Pauses Interest Rate Hike in July

Reserve Bank of Australia Pauses Interest Rate Hike in July
A branch of the Reserve Bank Australia. Anoek De Groot/AFP/Getty Images
Alfred Bui
Updated:

Australians have narrowly avoided a new round of interest rate hikes after the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged in July.

In its latest board meeting, the RBA announced that it would maintain the current official cash rate of 4.1 percent throughout July.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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