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For the second consecutive month, The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.10%. The decision to keep the official cash rate at 4.10% follows the annual household inflation rate falling from 7% in the March quarter to 6% during the June quarter.

The Reserve Bank of Australia (RBA) today announced the decision to hold the official cash rate at 4.10%. The decision to keep the official cash rate at 4.10% follows a better-than-expected trend in inflation nationally in last month’s CPI report.

Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%. The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the…