RBA holds rates at Lowe’s final meeting

Outgoing governor has not ruled out need for further tightening

Philip Lowe
Philip Lowe
Photo: Crawford Forum/Flickr

The Reserve Bank of Australia has kept its benchmark interest rate unchanged for the third straight month, in a widely expected announcement made during outgoing governor Philip Lowe’s last policy meeting.

The RBA’s board left the cash rate at 4.1% today (September 5). It has raised interest rates by a cumulative 400 basis points since May 2022.

The higher interest rates are working to establish a more sustainable balance between supply and demand, but there is uncertainty around the economic

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