RBA rates decision: interest rate unchanged for third meeting in a row as Australian borrowers granted reprieve

Cash rate held steady at 12-year high of 4.35% in move widely expected by economists

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Australian borrowers have been granted another reprieve with the Reserve Bank holding its key interest rate steady for a third meeting in a row as inflation continues to ebb towards its target range.

The RBA board left its cash rate unchanged at a 12-year high of 4.35% after its second two-day gathering of 2024 concluded on Tuesday afternoon. The result was widely expected by economists.