RBA Maintains 4.35% Rate Amid Global Economic Uncertainty
TL;DR Summary
The Reserve Bank of Australia has maintained its benchmark interest rate at 4.35% for the eighth consecutive meeting, citing high underlying inflation despite a decline in headline inflation to 2.8% in the third quarter. The RBA expects inflation to remain above its 2%-3% target until 2026, with uncertainties in labor market conditions and external geopolitical risks influencing future economic outlooks.
- Australia's central bank keeps rates unchanged at 4.35% CNBC
- RBA makes huge call on rates news.com.au
- RBA’s Bullock still sees ‘upside’ risk on rates The Australian Financial Review
- RBA Holds Key Rate at 13-Year High as World Waits on US Election Bloomberg
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