RBA holds rate at 4.35%, inflation risks balanced – Standard Chartered
Standard Chartered’s Nicholas Chia says the RBA kept the cash rate at 4.35% in a unanimous decision, with policy risks seen as balanced. The central bank now expects a delayed return of inflation to the midpoint of its 2–3% target.
The Reserve Bank of Australia left the cash rate unchanged at 4.35% in a unanimous decision, matching market expectations. Standard Chartered’s Nicholas Chia notes that the RBA views the balance of risks around the policy outlook as evenly poised, with inflation still lingering above the comfort zone.
Chia flags that the central bank sees inflation returning to the midpoint of its 2–3% target only by late in its forecast horizon, signaling a slower convergence path than previously anticipated. The language suggests the RBA is in no rush to adjust rates, awaiting clearer signs of disinflation.
Source: FXStreet Forex News