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RBA holds cash rate steady at 4.35 per cent, focused on inflation control

The Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 4.35 per cent, as widely anticipated by market observers. This decision comes as the RBA continues its efforts to bring inflation back within the target range of 2-3 per cent.

Sydney, Australia - Nov 13 2022: The main entrance of the headquarters of Reserve Bank of Australia in Martin Place, Sydney.
The Reserve Bank of Australia (RBA) has decided to maintain the official cash rate. (Image source: Shutterstock.com)

The Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 4.35 per cent, as widely anticipated by market observers. This decision comes as the RBA continues its efforts to bring inflation back within the target range of 2-3 per cent.

Recent data for the June 2024 quarter shows inflation easing from its peak but still hovering at 3.8 per cent, remaining above the RBA’s comfort zone. Earlier this month, RBA Governor Mic…

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