THE Reserve Bank has held interest rates steady for a second straight meeting despite inflation hovering well above its target. In a unanimous decision, the central bank’s nine-member monetary policy board left the cash rate untouched at 4.35 per cent on Tuesday. The result was widely expected by economists and money markets. While the re-escalation […]
The economy appears to be slowing as expected, according to the RBA, but inflation is still too high. Image: wayhomestudio on Magnific.
