RBA holds at last meeting of the year

“Limited information” leads central bank to keep rate unchanged for time being

Michele Bullock, RBA
Michele Bullock

The Reserve Bank of Australia left its cash rate unchanged at its final monetary policy session of 2023, holding it at 4.35%. The decision follows a 25 basis point increase at its previous meeting in November.

The hold was broadly in line with market expectations. Between May 2022 and November 2023, the RBA has raised its cash rate by 425bp. 

In her statement, RBA governor Michele Bullock said the central bank had received only “limited information” since its last meeting. The October inflation

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