Reported 8 months ago
Australia's Reserve Bank is predicted to keep its cash rate at 4.35% for the fifth consecutive meeting as it aims to control rising consumer prices fueled by a tight job market. Governor Michele Bullock is likely to maintain a slightly hawkish stance in response to persistent inflation, with the central bank projecting a return to the 2%-3% target by late next year. Economists foresee potential rate cuts in 2025 to balance growth support and inflation control, aligning with market expectations.
Source: YAHOO