RBA cash rate update for May 2024 with insights on economic impact and interest rate changes

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 comes after March 2024 data showed inflation remains persistently high.

May 7, 2024

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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