RBA holds policy as inflation rises
Australian central bank’s inflation forecast assumes one further rate cut in easing cycle
The Reserve Bank of Australia left its benchmark interest rate unchanged today (November 4) amid increased inflation, and signalled one further rate cut was in the offing this year.
The central bank said its monetary policy board had voted unanimously to keep the policy rate at 3.6% following a two-day meeting. The decision had been predicted by more than 80% of the 39 economists polled by Reuters.
The RBA said that although underlying inflation had fallen since its peak in 2022, it had picked up
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