By Daily Mail (Europe) | Created at 2024-09-24 04:39:59 | Updated at 2024-09-30 05:20:39
6 days ago
The Reserve Bank has delivered another blow to millions of Aussies with a mortgage by declining to cut interest rates.
The cash rate was left on hold at a 12-year high of 4.35 per cent even though the US, UK, Canada, European Union and New Zealand have this year cut interest rates.
Reserve Bank Governor Michele Bullock delivered a blunt message on Tuesday to borrowers hoping for some relief soon.
The futures market had regarded a rate cut as only a 10 per cent chance heading into Tuesday's decision.
The Reserve Bank has delivered another blow to millions of Aussies with a mortgage by declining to cut interest rates (pictured is Brisbane's Queen Street Mall)
Reserve Bank Governor Michele Bullock delivered a blunt message on Tuesday to borrowers hoping for some relief soon
