ABC News By business reporters Kate Ainsworth and Rachel Pupazzoni Tuesday 3 Oct 2023 at 8:58am Michele Bullock began her seven-year term as RBA governor on September 18, replacing Philip Lowe. (ABC News: Nick Haggarty) The Reserve Bank has left the cash rate on hold at 4.1 per cent for the fourth month in a row but has not ruled out future increases to return inflation to target. Key points: The RBA has not increased the cash rate since June this year when it increased it to the current rate of 4.1 per cent Economists had not expected the RBA to lift rates at its meeting but believe a hike is likely before Christmas Tuesday's meeting was Michele Bullock's first as RBA governor after taking over from Philip Lowe last month It is the fifth time the RBA has paused its current rate hiking cycle since May 2022, when it began lifting rates to reduce high inflation, and leaves the cash rate at its highest level since April 2012. Tuesday's boar...
