Reserve Bank of Australia holds policy rate again
Central bank softens hawkish stance amid weak economic growth and slowing inflation
The Australian central bank’s board today (December 10) held its policy rate for its ninth consecutive meeting, but toned down its hawkish stance.
The Reserve Bank of Australia (RBA) board decided to leave the cash rate target at 4.35% – a level unchanged since November 2023.
The bank said in a statement that although headline inflation had declined substantially and would remain lower for a time, underlying inflation was “more indicative of inflation momentum, and it remains too high”.
It said
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