Interest rates tipped to remain on hold after inflation drop | 9 News Australia
Australia’s major banks expect interest rates to remain on hold following a surprise drop in headline inflation to 3.8%. Federal Politics Reporter Connor McGoverne breaks down the latest Australian Bureau of Statistics (ABS) figures, revealing that while housing (+6.8%) and education (+4.7%) costs jumped, lower price rises in food, drinks, and recreation provided much-needed relief for Australian households.
With the Reserve Bank of Australia (RBA) board meeting looming, experts predict the cash rate could stay on hold, though economists warn that surging home building costs, geopolitical tensions, and the upcoming end of the government fuel excise discount could reignite inflation pressures.
Finance Minister Katy Gallagher joins host Sam Armytage live from Parliament House in Canberra to address whether the RBA will pause rate hikes and how the government is managing ongoing cost of living relief, including tax cuts, cheaper medicines, and bulk-billing Medicare investments. Additionally, Minister Katy Gallagher responds to Senator Pauline Hanson’s newly proposed anti-ISIS bill aimed at banning entry to individuals with ties to extremist groups. | *Subscribe and 🔔: http://9Soci.al/KM6e50GjSK9*
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