RBA keeps rates on hold in November at 3.6pc
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MSNABC News Australia
RBA keeps rates on hold in November at 3.6pc
There's been no relief for borrowers today with the reserve bank keeping interest rates on hold at three-point-six percent. The odds of a Melbourne Cup rate cut were incredibly long. And the RBA Governor has signalled we may not see another one anytime soon.
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The Federal Reserve just made a massive announcement that changes everything for your money. On December 12th, 2024, the Fed begins $40 billion monthly treasury purchases they’re calling “reserve management” (not QE, but it’s the same thing). Chair Jerome Powell cut rates to 3.75% while claiming commitment to 2% inflation—even as inflation rises. This video breaks down what Powell said in today’s press conference, the Fed’s December 2024 projections, and what this means for your savings, investm
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