Reported 8 months ago
Australia's Reserve Bank decided to keep its interest rate at 4.35%, signaling a cautious approach towards potential rate changes due to stubborn inflation. The central bank aims to manage consumer prices while acknowledging robust job growth post-pandemic. With a hawkish tone, the RBA emphasized the need to stay vigilant on inflation risks, even as it maintains a data-driven stance. Comparisons with previous statements reveal a shift in language concerning inflation, positioning the RBA on a differing policy trajectory compared to some other global central banks.
Source: YAHOO