Australia poised to extend rate-rise pause as inflation cools

A key reason for the divergence is governor Philip Lowe’s desire to hold on to employment gains made during the pandemic. (Image: Bloomberg)

Bloomberg

Mon, 01 May 2023

By Swati Pandey Australia’s central bank is set to extend a pause in interest-rate increases on Tuesday following a deceleration in inflation that allows the board more time to assess the economic impact of its policy tightening to date.The Reserve Bank of Australia (RBA) will keep its cash rate at 3.6% for a second straight month, most economists predict and money market pricing shows. Deutsche Bank AG and Westpac Banking Corp were among those that switched to hold from hike calls after first-quarter core inflation came in unde...

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