Long odds on Cup Day interest rate cut as RBA board meets

Long odds on Cup Day interest rate cut as RBA board meets

Homeowners hoping for a Cup Day interest rate cut are expected to be left frustrated today with the Reserve Bank expected to keep the cash rate on hold in its November meeting.This year, the RBA has slashed interest rates from 4.35 per cent to 3.6 per cent and until recently, hopes were high for another cut by the end of 2025.But stubborn inflation and a relatively steady labour market offer little incentive for the bank to push further ahead a…