# RBA leaves rates on hold, home loan refinancing remains at record high, Treasurer Jim Chalmers says inflation fight not over — as it happened - ABC News

> The Reserve Bank of Australia left its cash rate on hold at 4.1% for a second month, while flagging that further increases may be needed to contain inflation. Local shares closed higher after gains on Wall Street and in European markets.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35304-rba-leaves-rates-on-hold-home-loan-refinancing-remains-at-record-high-treasurer
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hold with a tightening bias keeps the Australian dollar supported and has little direct effect on feed grain or protein prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- abc.net.au: https://www.abc.net.au/news/2023-08-01/asx-markets-business-live-news-interest-rates-rba-august-1/102669986

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.