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RBA Update - March 2024

Oct 4, 2024
1 min read

Updated: Oct 9, 2024



The cash rate will remain at 4.35% following the Reserve Bank of Australia’s (RBA) March monetary policy meeting.


The decision was largely expected, as the latest Australian Bureau of Statistics data showed annual trimmed mean inflation fell to 3.8% in January, down from 4.0% in December.


While higher interest rates appear to be having the desired effect on the economy, RBA governor Michele Bullock reiterated the RBA’s commitment to return the cash rate to within its target range of 2-3%.


With so much uncertainty in the market, it can help to speak to an expert. Get in touch if you’d like to discuss your options.


 
 
Christopher Jonson, Managing Director and Principal Broker at My Finance Agent

By Christopher Jonson

Managing Director & Principal Broker, My Finance Agent

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Chris founded My Finance Agent after a career in corporate finance, and more than a decade later he's still on a mission to help Australians live their best financial lives. He holds Bachelor and Masters Degrees in Commerce from UNSW and a Diploma of Mortgage Broking, with 20+ years in financial services and 10+ years in residential and commercial finance.

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Christopher Jonson is a credit representative (485996) of My Finance Agent Pty Ltd ABN 44 169 069 292 | Australian Credit Licence 543835

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