The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 3.60% following its November monetary policy meeting. Read the full statement here.

The decision reflects the Board’s view that monetary policy remains restrictive enough to guide inflation (currently 3.2%) back to the target range (2-3%), while allowing the economy to stay on a soft-landing path.

In a recent speech, RBA assistant governor Christopher Kent noted that “financial conditions were restrictive and restraining demand” but that there are now early signs of easing as mortgage payments fall and housing credit increases in response to earlier rate cuts.

This highlights the RBA’s cautious approach, balancing signs of stronger growth with ongoing risks at home and abroad.

Contact us if you’d like to discuss the current cash rate environment and how it may affect your current loan or future borrowing plans.