By Rajiv Dutta | July, 16 2024
RBA Slashes Cash Rate | What Does It Mean for Borrowers?
rba slashes cash rate: what does it mean for borrowers? australia’s borrowers received another reprieve as the reserve bank kept its key interest rate steady for the fifth consecutive board meeting while leaving the door open for potential future rate hikes. following a two-day meeting last month, the rba, as anticipated by economists, maintained its cash rate at a 12-year high of 4.35%. immediate impact on borrowers' repaymentsthe cas