Rates Remain on Hold, RBA Still Wary of Inflation Risks

The Reserve Bank of Australia (RBA) has kept interest rates unchanged and reworked its forecasts, with inflation returning to target by the end of the year before bouncing back towards the end of 2025. The key interest rate was left unchanged at 4.35 percent, where it has been since November last year. Any case to lift rates fizzled out after quarterly inflation data landed broadly in line with central bank and market expectations. In a post-meeting statement on Tuesday, the RBA board kept its options open on future moves. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent – https://t.co/PMEqZXdtWH...