RBA holds the cash rate at 4.10 per cent

Interest rate stability is on the horizon [View this email online]( [Domain]( [Reserve Bank of Australia]( RBA holds cash rate at 4.10 per cent, tipped to ‘ride out’ inflation uptick Economists say the Reserve Bank wants the previous interest rate hikes to run their course and 'do their thing' to slow demand. [Read more]( In other news: - [The $245,000 reason Australians are holding onto their homes for longer than ever before]( - [Australia's most tightly-held capital city – and it’s not Sydney or Melbourne]( - [Why 2004 was the year to sell: when 98 per cent of houses sold for a profit]( What is the cash rate and what does it mean for borrowers? Each month, the Reserve Bank of Australia (RBA) board meets and sets the cash rate target, sometimes referred to as the “official” cash rate. The cash rate serves as a benchmark for home loan interest rates, which are normally a few percentage points higher. Lenders often adjust their variable interest rates based on movements of the cash rate, but aren’t obliged to do so. [Read more]( [Save o your home loans
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