Australia’s central bank set to stand pat at Lowe’s last meeting

Reserve Bank of Australia governor Philip Lowe is predicted to hold the cash rate at 4.1%. (Image: Bloomberg)

Mon, 04 Sep 2023

By Swati PandeyAustralia’s central bank is set to keep interest rates unchanged at governor Philip Lowe’s final meeting amid mounting signs that its tightening campaign is slowing inflation without doing too much damage to the economy. The Reserve Bank of Australia (RBA) will hold its cash rate at 4.1% for a third straight meeting on Tuesday, all but one economist predicted, as 11-year high borrowing costs slow demand. Lowe has characterised policy as being in “calibration phase”, whereby the board may make sma...

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