RBA Keeps Rate at 12-Year High, Signals Higher Bar for Rate Hikes
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Australia’s central bank kept interest rates unchanged at its first meeting of a revamped policy schedule and signaled further tightening remains possible, sending the currency and bond yields higher.
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Published Feb 05, 2024 • Last updated 27 minutes ago • 3 minute read
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(Bloomberg) — Australia’s central bank kept interest rates unchanged at its first meeting of a revamped policy schedule and signaled further tightening remains possible, sending the currency and bond yields higher.
The Reserve Bank maintained its cash rate at a 12-year high of 4.35% — as predicted by economists — on Tuesday. RBA Governor Michele Bullock will be questioned on the economy and the outlook for policy by journalists at her inaugural post-meeting press conference at 3.30 p.m. in Sydney.
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Bloomberg News
2024-02-05 23:16:42
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