The Guardian Australia – News
·general
·5 hours ago
RBA holds cash rate at 4.35% amid inflation and growth concerns
The Reserve Bank of Australia held its cash rate at 4.35% on Tuesday, ending a series of three increases. Governor Michele Bullock stated that while inflation remains too high, a ceasefire in the Middle East will not deter potential rate hikes. Financial markets are skeptical about future increases, reflecting uncertainty amid rising unemployment and sluggish growth.
Summary by OZbrief · The Guardian Australia – News
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