Reported 10 months ago
In its November meeting, the Reserve Bank of Australia (RBA) stated there is no immediate need to alter interest rates, currently steady at 4.35% for a year. However, it outlined scenarios for potential rate changes, including cuts if inflation slows significantly. Economists anticipate a possible rate cut in February, but the RBA emphasizes the importance of responding to evolving economic conditions, monitoring factors like consumer spending and employment trends.
Source: YAHOO