Australia’s central bank keeps rates unchanged at 4.35%
Australia’s central bank kept its benchmark interest rate at 4.35%, marking the eighth consecutive hold, in line with expectations. While headline inflation fell to 2.8% in Q3 due to temporary declines in fuel and electricity costs, underlying inflation remains high at 3.5%. The Reserve Bank of Australia (RBA) doesn’t expect inflation to reach its 2%-3% target midpoint until 2026, CNBC has reported. The RBA noted … Continue reading Australia’s central bank keeps rates unchanged at 4.35%
