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RBA says record low rate to remain until at least 2024

The Reserve Bank of Australia has signalled interest rates will be held at a record low 0.1 per cent until at least 2024, with employment tipped to take several years to recover.

RBA says record low rate to remain until at least 2024
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RBA says record low rate to remain until at least 2024

The Reserve Bank of Australia confirmed it will keep the cash rate at 0.1 per cent at its first rate meeting of the year, as was predicted by experts. But in a move hailed as unexpected, the RBA also committed to an additional $100 billion of quantitative easing ahead of schedule.

Read more at Nestegg.

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