RBA keeps interest rate at 4.35% for the 7th meeting, with potential rate cut by May 2025 mentioned.
The Reserve Bank of Australia (RBA) held interest rates steady at 4.35% for the seventh consecutive meeting, with insights expected from the upcoming release of September meeting minutes. Chief economist David Robertson anticipates the first rate cut may occur by May 2025, potentially as early as February. Meanwhile, New Zealand's central bank is expected to lower its cash rate by 50 basis points in November, reflecting broader economic trends.
October 05, 2024
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