RBA maintains 4.35% cash rate for 7th consecutive meeting, prioritizing inflation control.
Australia's central bank, the Reserve Bank of Australia (RBA), has maintained the cash rate at 4.35% for the seventh consecutive meeting, prioritizing inflation control. Despite this steady rate, the RBA has not ruled out future increases if necessary. This decision contrasts with other major central banks that have begun to ease monetary policies. The RBA aims for sustainable inflation reduction while facing pressures from mortgage holders amid slow economic growth.
September 23, 2024
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