92 Days
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وكالة الأنباء القطرية
RBA Governor warns of growth slowdown
Michelle Bullock, Governor of the Reserve Bank of Australia, confirmed that keeping the interest rate steady at 4.35% does not mean the end of the monetary tightening cycle, with the possibility of raising it again if inflationary pressures persist. The bank has increased interest rates three times this year by 0.25 percentage points each time to curb demand and control inflation, while the economy is experiencing a decline in consumer and business confidence. Nonetheless, spending and investment remain resilient, and the housing market continues to improve.
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