Original article by Michael Read
The Australian Financial Review – Page: 1 & 4 : 4-Oct-23

Reserve Bank of Australia has left the cash rate at 4.1 per cent for the fourth month in a row at its October board meeting, which was Michele Bullocks’s first as RBA governor. She said keeping the cash rate at 4.1 per cent would give the RBA more time to assess the impact of rate increases to date, in a statement that was quite similar to the final one issued by her predecessor Philip Lowe in September. Bullock stated that inflation appeared to have peaked, but that it was still too high and would remain so for some time to come. Treasurer Jim Chalmers welcomed the RBA’s decision to keep the cash rate unchanged, but shadow treasurer Angus Taylor claimed Labor was not doing enough to tackle what he said was " stubbornly high inflation"

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