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RBA Update - May 2024

Oct 4, 2024
1 min read

Updated: Oct 9, 2024



The Reserve Bank of Australia (RBA) has held the country’s official interest rate at 4.35% following its May monetary policy meeting.


The decision comes as the latest data from the Australian Bureau of Statistics showed annual inflation fell in the March 2024 quarter to 3.6%. This was the fifth consecutive quarter inflation has eased.


But while higher interest rates appear to be cooling the economy, RBA governor Michele Bullock has warned the ‘war isn’t won yet’. Consequently, it’s too soon to rule anything in or out with respect to the interest-rate outlook.


With interest rates looking uncertain, it can help to talk to an expert. Contact us 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

​

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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