In its first meeting of the year, The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.

The decision to maintain the cash rate follows the release of data last week which showed the annual inflation rate is falling faster than expected.

This year, the RBA will decrease the frequency of their meetings from eleven to eight times per year. If you’d like more information on when the meetings are scheduled, you can read more here.

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.

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