RBA decision was in line with economists’ forecasts as economy endures persistent inflationary pressuresThe Reserve Bank has left its key interest rate unchanged for a seventh meeting as the central bank waits for clearer evidence inflation is in retreat before it begins cutting borrowing costs.The RBA ended its latest two-day board meeting on Tuesday by keeping its cash rate at 4.35%, the level its remained since November. The decision was as economists had expected. Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/sep/24/reserve-bank-leaves-australias-official-interest-rate-unchanged-at-435
Author : Peter Hannam Economics correspondent
Publish date : 2024-09-24 04:34:58
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