Australian Interest Rate Reduction Delayed Again – GPS Wealth Monthly Market Update

Virtuous Wealth and GPS Wealth presents the October GPS Wealth Monthly Market Update. These updates from our licensee group assist us with strategies and give context to investment decisions.

In Australia, the RBA maintained the cash rate at 4.35%, with their statement acknowledging upside inflation risks while simultaneously reducing GDP growth forecasts for 2025, suggesting interest rate reductions may be delayed further than previously expected.

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