Reported 2 months ago
The Reserve Bank of Australia (RBA) is expected to maintain its key interest rate at 4.35% for the sixth consecutive meeting, lagging behind other global central banks that are beginning to ease. While Australia's inflation has cooled slightly, it still remains above the RBA's target, prompting a cautious approach. Economists predict the RBA will continue to adopt a hawkish tone, focusing on sustainable progress towards its inflation target before considering rate cuts, despite signs of a potential easing in the near future.
Source: YAHOO