Reported 8 months ago
The Reserve Bank of Australia maintained its interest rates at 4.35%, citing inflation risks and the need to be vigilant. Despite a slow economy and subdued wage growth, indicating no rate cuts in 2024, the RBA expressed uncertainty about the economic outlook and emphasized the importance of monitoring potential inflationary pressures. Markets reduced expectations of a rate cut in December to 55%, influenced by the central bank's cautious stance on inflation.
Source: YAHOO