Mortgage holders can breathe a sigh of relief as the Reserve Bank of Australia has chosen to maintain its current cash rate of 4.35% in its first meeting of 2024.
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TVTranscript
00:00 Hi.
00:02 LAUGHTER
00:04 MUSIC
00:06 The inflation rate still has a four in front of it.
00:26 The best thing that we can do with our tool
00:30 is help households deal with the cost of living by getting inflation down.
00:35 That's our aim. We want it back in the background again
00:37 when people aren't worrying about it.
00:39 MUSIC
00:42 That's a good one.
00:44 MUSIC
00:46 MUSIC
00:48 MUSIC
00:50 MUSIC
00:52 MUSIC
00:54 MUSIC
00:56 (upbeat music)