RBA Holds Rate at 4.35%, Sees Sticky Inflation
The Reserve Bank of Australia kept its cash rate unchanged at 4.35%, noting inflation remains sticky but broadly in line with its base case, allowing a restrictive stance.
AUDUSD
The Reserve Bank of Australia left its cash rate steady at 4.35%, maintaining a restrictive policy stance. The central bank described inflation as persistent but within its baseline expectations.
The accompanying statement struck an even-handed tone, suggesting no immediate urgency to adjust rates. Markets are now parsing the implications for the Australian dollar and rate trajectory.
Source: FXStreet Forex News