What today’s RBA move means for you
- realestateprotips
- Feb 2, 2022
- 1 min read
The first Reserve Bank of Australia meeting of the year was a big one. Here’s what it means for your mortgage, house prices and your shares.
Amid global economic uncertainty and rising inflation, the Reserve Bank of Australia’s first meeting for this year on Tuesday was an important one.
In it, RBA Governor Philip Lowe said interest rates have been kept at a record low 0.1 per cent – for now – while confirming the RBA will halt the extraordinary money printing program that helped carry the economy through the Covid-19 crisis.
He also admitted the red-hot inflation roiling financial markets had exceeded his predictions, prompting him to upgrade the central bank’s economic forecast and set the scene for a potential 2022 rate hike.
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