Reported about 2 months ago
Australia's central bank, led by Governor Michele Bullock, is not considering rate cuts in the near future due to persistent inflation challenges. Bullock's comments follow the Reserve Bank of Australia's decision to maintain the key interest rate at 4.35%, emphasizing the need for caution given ongoing solid job growth and elevated wage increases. Despite market speculation about potential cuts starting in December, Bullock noted that the current economic conditions do not support such a move.
Source: YAHOO