Wondering about interest rates? Both savers and those with a mortgage are curious about where rates might go. The current RBA cash rate is 4.35%. Inflation is likely to play a big role in determining which way interest rates move. Right now, domestic inflation is still much higher than the Reserve Bank’s 2-3% target band, though it has been falling. The graph below shows a slight uptick in Australian inflation rates over the last few months, so it’s definitely a “watch this space” situation (source: ABS.gov.au).
