Rates on hold at the RBA
Michelle Bullock began her tenure as RBA Governor without controversy, with the bank leaving rates on hold as the market expected.
The RBA has hiked rates by 4 percentage points since May last year.
Australian inflation is past its peak and recent data suggests that it may fall back into the RBA’s 2% to 3% target range by late 2025, according to a statement from the central bank today.
The RBA’s decision to hold its official cash rate on hold at 4.1% for the third consecutive month was
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