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Tough-talking RBA set for a sixth-straight hold
Australia is poised to stay near the back of the global easing cycle as local inflation — while cooling — remains elevated requiring the Reserve Bank to keep its key interest rate at a 12-year high.
The RBA will hold its cash rate at 4.35 per cent for a sixth-straight meeting on Tuesday, economists predict. The board’s decision will be released mid-afternoon, together with the bank’s quarterly update of economic forecasts, followed an hour later by governor Michele Bullock’s press conference.
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