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Flat line ? Interest rates hold steady for June

Staff Reporter 1 minute read

Benign inflation levels have kept interest rates at 6.25 per cent for the seventh month in a row, with this month's Reserve Bank announcement confirming economists' predictions for a stable rate environment for the coming months.

“There was no surprise ... we’re seeing inflationary pressures ease and we expect, and have for a while now, that interest rates will remain on hold for the rest of the year,” Commonwealth Bank economist Martin Arnold explained to The Australian.

“The Reserve Bank will be keeping an eye on things like wage pressures, rents ... but we’re seeing labour supply increase so we’re not seeing excessive wages growth – so that hasn't been feeding into inflationary pressure,” he says.

Flat line ? Interest rates hold steady for June
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