RBA maintains interest rates, hints at future cuts, as unemployment unexpectedly drops.

The Reserve Bank of Australia (RBA) kept interest rates steady but used a more dovish tone, raising hopes for mortgage relief. Despite bond traders pricing a likely rate cut in February, the unexpected drop in unemployment to 3.9% has made a cut less likely in the short term. The RBA's first cut is now expected in May, with the Australian dollar weakening as a result of these expectations.

3 months ago
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