The Reserve Bank of Australia kept the rate at 4.35%, matching forecasts
The Reserve Bank of Australia did not change the key rate, keeping it at 4.35%. The decision matches the analysts' forecasts
On Tuesday, during the last meeting, the Reserve Bank of Australia (RBA) decided not to change the interest rate, keeping it at the previous level of 4.35% per annum.
This decision was fully in line with the preliminary expectations of experts according to the analysis from Trading Economics, reports "Interfax-Ukraine".
For the third time in a row, the rate remains unchanged, after the Reserve Bank had increased it by 425 basis points over the previous two years.
The official statement of the bank emphasizes that inflationary pressure continues to decrease in Australia, especially regarding commodity prices, while the cost of services continues to remain high.
Earlier, Janet Yellen expressed the opinion that interest rates in the USA may not return to pre-pandemic levels due to the consequences of inflation and the increase in bond yields.
Also, the Bank of Japan is preparing to increase the interest rate, ending the period of negative values for the first time since 2007, in response to rising inflation levels and wage growth.