RBA maintains 4.35% cash rate at May meeting, despite stronger inflation data, with rate hike discussion revealed.
The Reserve Bank of Australia (RBA) kept the cash rate at 4.35% at its May meeting, despite stronger-than-expected inflation data. In the upcoming release of the meeting's minutes, insights into the board's thinking behind the hold decision will be revealed. RBA Governor Michele Bullock has confirmed that a rate hike was discussed at the meeting, with the nature of the discussions set to be a key area of interest for observers.
May 19, 2024
7 Articles