April 2023: RBA Finally Hit Pause. Are the Rate Rises Over?

Send us a textThe RBA has decided to leave the cash rate UNCHANGED.This is the first time interest rates have NOT increased since May last year.Simply, the RBA wants to wait and collect more information on the state of the economy before assessing next steps for interest rates.They have also softened their language on further interest rate rises, noting that they expect 'SOME' further tightening 'MAY' well be needed, instead of explicitly stating that further rate rises are expected.While further rate rises may indeed occur, this is far less certain now. The language used indicates that this RBA rate rising cycle may be over. In this episode of Australian Property Talk, we go through:- WHY the RBA paused now. - We play pretend RBA board members and run through the latest data points on the Aussie economy.  - Finally,  we go through whats happening to property markets and how this will feed through. Reach out to us at www.australianpropertytalk.com.au

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