Reserve Bank of Australia maintains interest rate at 4.35% to control elevated inflation.
The Reserve Bank of Australia (RBA) has maintained its interest rate at 4.35% during its September policy meeting, emphasizing the need for a tight monetary policy to control underlying inflation, which remains elevated. While no rate cuts are anticipated soon, the RBA did not dismiss the possibility of future increases if necessary. This decision follows the Federal Reserve's recent interest rate reductions.
September 23, 2024
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