RBA maintains interest rates at 4.35% for a third meeting, suggesting its tightening cycle may have ended.

The Reserve Bank of Australia (RBA) has dropped its hawkish stance and maintained interest rates at 4.35% for a third consecutive meeting, indicating growing confidence that its policy is restraining inflation. The central bank made no reference to the possibility of further rate rises, suggesting its tightening cycle may have ended. This comes amid a week of significant policy decisions, including the Bank of Japan raising its interest rate and the US Federal Reserve concluding its meeting and expected to extend its pause.

March 19, 2024
16 Articles