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Australia's central bank likely holds rates steady at 3.60% amid moderate wage growth and persistent inflation.
Australia’s central bank is likely to hold its interest rate at 3.60% as modest wage growth and steady employment support a cautious stance.
November wages rose 0.8% monthly and 3.2% annually, while employment grew by 26,000 and unemployment stayed at 4.4%.
Inflation remains elevated at 3.8%, above the RBA’s 3% target, and the economy grew 2.1% over the year to September.
While no change is expected in 2025, persistent inflation could prompt a rate hike by mid-2026.
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El banco central de Australia probablemente mantenga las tasas estables en el 3,60% en medio de un crecimiento salarial moderado y una inflación persistente.