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RBA Keeps Interest Rates Steady, But Tempers Hawkish Language

Tuesday, 19 March 2024 10:58 WIB RBA RBA Rates RBA STATEMENT

The Reserve Bank of Australia left interest rates unchanged as widely expected on Tuesday, and said that while inflation had moderated substantially in recent months, it still remained too high. But the central bank struck a somewhat less hawkish note in its policy statement than its prior meeting, no longer explicitly stating that interest rates could rise further. The RBA left its official cash target rate at 4.35%, leaving it on hold for a third straight meeting since November. The move was widely expected by analysts, as Australian inflation eased substantially over the past year. But while the central bank warned that inflation remained high and was only set to fall within its...

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