RBA leaves rates unchanged despite slow inflation fall

By Frank Prenesti

Date: Tuesday 07 May 2024

(Sharecast News) - Australia's central bank left interest rates unchanged on Tuesday despite a slower-than-expected fall in inflation.


The Reserve Bank of Australia left its cash steady at 4.35% for a fourth consecutive meeting, in line with expectations.

"Recent information indicates that inflation continues to moderate, but is declining more slowly than expected," it said.

Reporting by Frank Prenesti for Sharecast.com

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