Steady interest rates offer pre-holiday reprieve while Senate inquiry into supermarket price-gouging awaits

Australian households have been given a reprieve ahead of the holiday season as the Reserve Bank kept interest rates on hold at 4.35 per cent. The government says it's proof its policies are bringing down inflation.

People walk out of the Reserve Bank building in the central business district in Sydney, Australia, Tuesday, Nov. 7, 2023. Source: AP / Mark Baker/AP/AAP Image

Key Points

• After five rate rises this year, Australia's central bank has held interest rates steady at 4.35 per cent.
• The Greens have secured cross-party support for a parliamentary committee inquiry, examining price-setting and market power in the supermarket sector, with the focus firmly on Coles and Woolworths.
• Tony Maher says he hopes the inquiry will result in greater transparency in pricing, and stronger laws protecting suppliers.

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Interest rate ng RBA pansamantalang mananatili sa 3.45 per cent

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