Economists were divided on whether the RBA would pause their incremental rises in Interest Rates in their battle against inflation.
The tipping of the balance in favour of holding the existing rates was the better than expected Inflation figures from last week; indicating that finally the interest rate rises were gaining traction.
Mortgage holders will have some relief, but we may find that oil prices could dictate the next decisions.
Image: Image: Courtesy R Chambers
Produced By: Roderick Chambers
Featured In Story: Tim Harcourt Industry Professor and Chief Economist University of Technology Sydney
First aired on The Wire, Tuesday 4 April 2023