RBA leaves rates unchanged despite slow inflation fall

By

Sharecast News | 07 May, 2024

Australia's central bank left interest rates unchanged on Tuesday despite a slower-than-expected fall in inflation.

The Reserve Bank of Australia left its cash steady at 4.35% for a fourth consecutive meeting, in line with expectations.

“Recent information indicates that inflation continues to moderate, but is declining more slowly than expected,” it said.

Reporting by Frank Prenesti for Sharecast.com

Last news