Australia Keeps Official Cash Rate
Report on the Reserve Bank of Australia's decision to hold the official interest rate steady, where the central board decided to keep the rate at 4.35%, despite having raised it three times previously. The bank expects inflation to reach the target range by the end of 2027, although there are risks of it rising further. The decision indicates that monetary policy remains restrictive, and the board will continue assessing economic developments to take necessary actions, including raising interest rates if needed, with the goal of returning inflation to the target sustainably.
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