International Economic

RBA holds rates as inflationary pressures persist

By Josh White

Date: Tuesday 05 Nov 2024

(Sharecast News) - The Reserve Bank of Australia (RBA) held its cash rate steady at 4.35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battle persistently high inflation.
Its decision, widely expected by economists, came after inflation stood at 3.5% in the September quarter,...

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