RBA governor’s warning about interest rates next year
The Reserve Bank of Australia (RBA) kept interest rates unchanged for a third time at its December meeting, with governor Michele Bullock all but ruling out further mortgage relief in the new year.
Bullock said further cuts to the official cash rate are not part of the bank’s thinking, given “what’s happening with underlying momentum in the economy”.
“I don’t think there are interest rate cuts on the horizon for the foreseeable future,” she said.
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