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RBA Decision - June 2021

The RBA has held the cash rate at 0.10% for the month of June.⠀

The decision was held with signs of a further lift in national house values. Dwelling values lifted by 2.2 per cent in May, after a 1.8 per cent jump in April and a 2.8 per cent increase in March.⠀

The RBA said the housing market and borrowing will be “monitored”.⠀

In keeping its policy settings in place, the bank said it does not expect to hit its 2 to 3 per cent inflation target or achieve full employment before 2024.⠀

Source: CoreLogic & SMH

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