Encouraging signs on inflation allowed the Reserve Bank to keep interest rates on hold for the third meeting in a row, but it has refused to rule out another hike in the coming months. The board held interest rates at 4.35 per cent on Tuesday after two days of reviewing the state of the economy and progress on inflation.
Experts respond to RBA decision to keep rates on hold. The widely expected move was accompanied by a subtle shift in language in the post-meeting statement to edit out an explicit reference to more interest rate hikes. Instead, the board said it was “not ruling anything in or out”, a pivot many economists read as less hawkish.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »