Tough-talking RBA set for a sixth-straight hold

by Pelican Press
13 views 1 minutes read

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.

Premium

Subscribers with digital access can view this article.

Already a subscriber?

Login here.


Source link

#Toughtalking #RBA #set #sixthstraight #hold

You may also like