RBA stands pat on interest rates as hopes dim for future cuts
- Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
The Reserve Bank kept the cash rate steady at 3.6% at today’s meeting. In its post-meeting statement, the central bank said the monetary policy board
judged that it was appropriate to remain cautious.
This pause follows three cuts earlier this year — in February, May and August, each by 25 basis points — which lowered the cash rate...
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