RBA Leaves Interest Rates Unchanged as Inflation Remains High

Federal Treasurer Jim Chalmers has welcomed the Reserve Bank of Australia's (RBA) decision to leave interest rates at 4.35 per cent, saying it will take some pressure off Australians.

However, he noted that while inflation has fallen significantly compared to forecasts, it remains high, and the Government is managing the budget to ease the cost of living.

Chalmers emphasized that interest rates are just one factor contributing to housing prices, which are influenced by a complex interplay of factors.

He pointed out that dwelling commencements and completions are now growing, contrary to the situation when the current government first took office.