RBA’s decision to leave cash rate unchanged comes as underlying inflation remains above bank’s target rangeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of Australia has left its key interest rate unchanged for an eighth meeting in a row as it awaits more evidence inflation will soon return to its preferred target range.The RBA board ended its two-day meeting on Tuesday by keeping its cash rate at 4.35%, a move widely expected by economists and financial markets.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/nov/05/rba-interest-rates-november-meeting-inflation-data
Author : Peter Hannam Economics correspondent
Publish date : 2024-11-05 07:04:21
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RBA interest rates: no relief for borrowers as Reserve Bank of Australia leaves official cash rate on hold at 4.35%
