The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.10% at today’s meeting.
The Reserve Bank’s decision to hold the cash rate reflects a cautious and considered approach amid a complex domestic and global economic environment. Ongoing global trade uncertainties and the approaching federal election in early May 2025 are key factors the RBA is monitoring closely.
In addition to global and political factors, the RBA will be closely monitoring domestic conditions ahead of its May 2025 meeting, with fresh data on unemployment, CPI, and inflation due at the end of April 2025. While recent data shows a slight easing in headline inflation, the RBA’s preferred core inflation measure remains above its desired target, with inflation yet to return to the midpoint of the 2–3% range. Any future further decline in the core inflation figures toward the 2.5% midpoint will be key in guiding the RBA’s next policy move.
Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.
Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be a good time to review your financial strategy.
