Australia's central bank holds rates, stays vigilant on inflation

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SYDNEY: Australia's central bank held interest rates steady on Tuesday, as expected, but reiterated that policy would need to stay restrictive until it was certain core inflation was slowing as desired.

Wrapping up its November policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35%.

Rate swaps suggest there is a scant chance of a rate cut this year, with a first easing most likely in April or May next year.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: Banking Interest rate Inflation RBA /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 12:05:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23421703

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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