Reserve Bank of Australia decided to hold cash rates at 4.10% for three consecutive months.

In the September meeting, the Reserve Bank of Australia maintained the cash rates at 4.10%. This marks the third consecutive month the cash rate has remained at this level.

As I sat and watched the ABC news on the 19th January 2022, an interesting report came on about the reserve bank raising interest rates later in 2022.

Bear in mind that earlier in the news, the ABC had just reported on the number of deaths, hospitalisation, and new cases of Omicron, the numbers for deaths and hospitalisation were the highest Australia had seen since the pandemic.