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Australia Holds Cash Rate, Inflation Data Crucial Ahead

7/9/2025

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Summary

RBA Holds Rates

The Reserve Bank of Australia maintained the cash rate at 3.85% in July, contrary to market expectations.
Governor Michele Bullock highlighted the importance of additional data on inflation and employment before future decisions.
Property price growth may decelerate, despite a 3.2% rise in home values since January.
A split board decision showed three members favored a rate cut, a first in public voting records.
Borrowers are shifting towards variable rate loans, anticipating potential future rate reductions.

Summary

UK House Prices Rise

UK house prices increased by 2.5% year-on-year in June, averaging £296,665.
Northern Ireland experienced the highest growth at 9.6%, with Scotland and Wales following at 4.9% and 3.9%, respectively.
Rising mortgage approvals suggest growing buyer confidence amid affordability issues.
Experts anticipate modest price growth in the latter half of the year as interest rates stabilize.

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RBA Holds Rates

The Reserve Bank of Australia maintained the cash rate at 3.85% in July, contrary to market expectations.
Governor Michele Bullock highlighted the importance of additional data on inflation and employment before future decisions.
Property price growth may decelerate, despite a 3.2% rise in home values since January.
A split board decision showed three members favored a rate cut, a first in public voting records.
Borrowers are shifting towards variable rate loans, anticipating potential future rate reductions.

1 / 2