Australian central bank holds rates says inflation not yet tamed

Inflation easing, but not there yet. (Image: Getty)

Tue, 18 Jun 2024

The Reserve Bank of Australia continued to warn about ongoing inflation risks at its policy meeting on Tuesday, leaving open the potential for a further interest-rate increase if price pressures remain stubbornly high over the coming months.As expected, the board of the Reserve Bank of Australia (RBA) chose to keep the official cash rate steady at 4.35%, where it has sat since November.“Inflation is easing but has been doing so more slowly than previously expected and it remains high,” the RBA’s policy-setting board said in a...

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