The Age
·general
·4 hours ago
Reserve Bank keeps interest rates on hold at 4.35 per cent
The Reserve Bank held interest rates steady at 4.35 percent on Tuesday, marking the first pause after three consecutive hikes aimed at curbing inflation. The decision comes as consumer prices rose 4.2 percent annually, while unemployment increased to 4.5 percent. RBA Governor Michele Bullock will address the media at 3:30.
Summary by OZbrief · The Age
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