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RBA keeps rates on hold, softens 'hawkish' tone

Author
Newstalk ZB,
Publish Date
Tue, 10 Dec 2024, 8:19pm
Photo / 123RF
Photo / 123RF

RBA keeps rates on hold, softens 'hawkish' tone

Author
Newstalk ZB,
Publish Date
Tue, 10 Dec 2024, 8:19pm

Australia's central bank has opted to keep rates on hold in its final meeting of 2024 - the same position it's held all year.

The RBA did soften its language a bit, and revealed the board had 'some confidence' that inflation was heading back to target.

HSBC Chief Economist Paul Bloxham predicted rates would come down by 2025.

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