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RBA leaves cash rate unchanged at 4.10% for a second straight meeting

Prior 4.10%The decision to hold rates unchanged provides further time to assess the impact of the increase in interest rates to date and the economic outlookInflation in Australia is declining but is still too highHousehold consumption growth is weakConditions in the labour market remain very tight, although they have eased a littleReturning inflation to target within a reasonable timeframe remains the priorityRecent data are consistent with inflation returning to the 2–3% target range over the... Read More

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Posted: Aug 1 2023, 04:30

Author Name: forexlive

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