Business
RBA makes rate decision as banks rake in $4 million – Yahoo Finance Australia
The Reserve Bank has made its first interest rate decision for 2021, but consumer advocates warn some borrowers are headed for a world of pain.
RBA Governor Philip Lowe has handed down the official interest rate for February. Images: Getty
The Reserve Bank of Australia has kept the official interest rate on hold at 0.10 per cent in its first meeting for 2021 as home values hit record highs.
The decision to hold came as no surprise to market commentators and economists, with most predicting the RBA wont be changing rates any time soon.
And according to a survey done by The Conversation, the next increase to interest rates could be as far…
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