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Interest rates on hold at 4.1pc for third-straight month | ABC News

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The Reserve Bank has kept interest rates on hold at 4.1 per cent for the third month straight, but has flagged further increases may be needed to ensure inflation remains under control.
It leaves the cash rate at its highest level since April 2012, and is the fourth time the RBA has paused its current rate-hiking cycle since it first began raising them in May 2022.
Today’s board meeting was also the last chaired by RBA governor Philip Lowe, whose seven-year term ends next week.
Michele Bullock, the RBA's current deputy governor, will begin in the role on September 18.

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