Reported 21 days ago
Australia's central bank, the Reserve Bank of Australia (RBA), has decided to keep interest rates steady at 4.35%, emphasizing the need for a restrictive policy as underlying inflation remains high despite a decline in headline inflation. With a cautious outlook and a strong labor market, the RBA indicates that borrowers should not expect rate cuts this year, in contrast to many other central banks that have started easing policies.
Source: YAHOO