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RBA Keeps Cash Rate Target Unchanged at 4.35%, In Line with Market Expectations
2026-06-16 12:45:44 The Reserve Bank of Australia (RBA) kept its cash rate target unchanged at 4.35%, in line with market expectations. In a statement released after its June policy meeting, the central bank said the cash rate target has been raised three times since the beginning of this year, financial conditions have tightened compared with earlier levels, and there are signs that the economy is slowing as expected. However, inflation remains too high. The Board therefore judged that it was appropriate to leave the cash rate target unchanged while assessing the effects of previous rate hikes and the impact of oil supply disruptions. ~ AASTOCKS Financial News Website: www.aastocks.com | |