Reported 2 months ago
The Reserve Bank of Australia (RBA) believes its current cash rate of 4.35% is suitable to combat high core inflation while considering various policy scenarios that could lead to rate changes. In their recent meeting, the RBA noted the monetary policy was restrictive, though uncertain, and outlined potential risks relating to U.S. economic policy and China's stimulus package. They stressed the importance of maintaining a vigilant stance on inflation and the necessity to keep policy sufficiently tight until they are confident inflation is on the path to the target.
Source: YAHOO