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RBA leaves rates on hold. But will it last? | The Business | ABC News

Protesters demonstrate outside the Reserve Bank against interest rate hikes, as the RBA delivers a reprieve to mortgage borrowers by leaving rates on hold at 4.1 per cent. RBA Governor Philip Lowe says previous hikes are working, inflation has passed the peak, the jobs market had eased, and economic growth is slowing. The board says the decision will give it time to assess the state of the economy, but warned more rate hikes could be coming. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2023-07-0... ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia

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