The Reserve Bank of Australia kept interest rates unchanged at 4.35%, in line with market expectations.
The Reserve Bank of Australia said demand exceeded the economy's supply capacity and exceeded expectations. Determined to return the consumer price index (CPI) to target levels, it needs to remain vigilant about upside risks to inflation. Inflation remains above target, indicating persistence. Core inflation remains too high and will take necessary measures to achieve the inflation target.
In addition, core inflation is expected to slow more slowly than previously expected, falling below 3 per cent by the end of 2025, with forecasts for gross domestic product growth, unemployment and core inflation revised upwards.
The Reserve Bank of Australia kept interest rates unchanged at 4.35%
2024-08-06 04:36:06
Australia Federal Reserve Bank interest rate maintained 4.35 unchanged consistent marketdesk3cryptocurrencydesktopCrypto News
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