Cash Rate Remains Unchanged at 4.35 Percent in December

Measures of inflation since November have developed in line with the RBA’s expectations, prompting the bank to put the cash rate on hold for December.

Pedestrians walk past the Reserve Bank of Australia (RBA) head office in Sydney, Australia, on Nov. 1, 2022. AAP Image/Bianca De Marchi

Australian borrowers could be a little at ease this Christmas holiday season as the Reserve Bank of Australia (RBA) has decided to put the official cash rate on hold for December.

In its last board meeting of the year, the RBA left the official cash rate unchanged at 4.35 percent, following a 0.25 percent increase in November.