RBA Pauses Rates, Providing Relief as Inflation Concerns Linger

The Reserve Bank of Australia (RBA) has kept its cash rate unchanged at 4.1 per cent for the second consecutive month, providing relief to borrowers nationwide. The RBA has been raising interest rates monthly since May last year, except for April and July. Despite the pause, the cash rate remains at its highest level since 2011, with a year-long increase of 400 basis points.