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Historical Melbourne Cup win + Bad news for borrowers
Description
In bad news for millions of mortgage holders, the RBA has today left the official cash rate on hold at 3.6%. The RBA governor warning there are turbulent times ahead for the Australian economy, admitting the Board is keeping a very close eye on inflation and unemployment data.
In this episode of The Briefing, Natarsha Belling is joined by financial expert Sally Tindall, who unpacks today’s decision and her predictions on what the RBA may do next.
Headlines: History has been made at the Melbourne Cup, 13 people have been arrested after police and demonstrators clashed at a Pro Palestine protest in Sydney’s CBD, and a New York mayoral candidate has taken a bizarre swing at Sydney’s Parramatta.
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