In a highly anticipated move, the Reserve Bank of Australia (RBA) announced its decision to keep interest rates on hold during its December 2023 meeting. Mortgage holders will avoid a pre-Christmas blow today, with the Reserve Bank of Australia keeping interest rates at 4.35%. The decision reflects the central bank's careful approach to managing economic conditions amidst a backdrop of global uncertainties and domestic factors.
After four months of stability at 4.10 per cent, the central bank chose to lift the cash rate to 4.35 per cent in November.
The Reserve Bank of Australia's decision to keep interest rates unchanged in its December 2023 meeting underscores its commitment to carefully navigating the economic landscape.