Reported 22 days ago
Australia’s central bank is set to sustain its interest rates at a 13-year peak of 4.35% as it confronts the challenges of slow disinflation and escalating global risks, particularly in light of the upcoming US elections and geopolitical tensions. Economists anticipate that the Reserve Bank will adopt a cautiously hawkish stance, addressing persistent inflation and the influence of the Chinese economy on Australia’s growth. Despite the country’s sluggish economic performance, the RBA is unlikely to cut rates until at least May 2025, with the focus on ensuring inflation remains within the target range.
Source: YAHOO