RBA keeps cash rate unchanged at Lowe’s final meeting

(Image: Supplied)

Tue, 05 Sep 2023

The Reserve Bank of Australia kept its benchmark cash rate unchanged at 4.1% – as was widely expected by Australian economists and the broader market.But its outgoing governor said “further tightening of monetary policy may be required” to properly ensure that inflation returned to target.It’s the third consecutive pause by Australia’s central bank as inflation begins to simmer down from previous highs.In his policy decision statement, Governor Philip Lowe said inflation in Australia had “passed its peak&rdqu...

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