RBA has inflation in its sights but keeps gun in holster - for now
BREAKING NEWS: The RBA's finger has been hovering on the trigger, but it held off from firing another rate rise at borrowers as it weighed up some softer economic indicators.
The RBA is keeping its ammunition in store a little bit longer as it considers how best to tackle stubborn inflation. (Image source: Militarist/Summit Art Creations/Shutterstock.com + API Magazine)
A watchful Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 4.35 per cent at its Tuesday (11 August) meeting, as it grapples with a contest between inflation that refuses to heel and a more fragile economy and housing market.
The decision marked the second time this year rates were left on hold, as pressures on elevated inflation levels eased, housing market sentiment nosedived
, and economic growth slowed.The RBA still …
