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

The Reserve Bank of Australia building
The Reserve Bank of Australia building / Public_domain

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".

Advertisement

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.

Advertisement
Reminder:

Comments
Read also
Sydney police car

Sydney police are investigating an attack at Bondi Shopping Center where five people were killed. Possible link to terrorism

chat
20
Exchange rates chart

The US dollar has strengthened against the euro and the pound amid expectations for the Federal Reserve, stable against the yen; the DXY index is rising

chat
28
Gold

Gold prices have surpassed $2400 per ounce, growth to continue amid geopolitical risks

chat
46
National Bank of Ukraine

Most participants of the NBU's Monetary Policy Committee forecast a reduction in the discount rate to 13-14% amid rising risks

chat
47
Joachim Nagel

Joachim Nagel predicts a reduction in the ECB's key rate in June, despite risks to the euro

chat
37
Volodymyr Zelenskyy at the meeting with Marija Pejčinović Burić and Dominique Hasler

The meeting of Zelenskyy with Marija Pejčinović Burić and Dominique Hasler discussed the opening of the Register of Damages from Russia and the return of children

chat
49
Bank of England

The Bank of England has kept the interest rate at 5.25%, expecting a decrease in inflation below 2% soon

chat
24
Federal Reserve

The Federal Reserve keeps the key rate unchanged, aiming to reduce inflation and support employment

chat
52
Stock index growth

European stock markets are growing in anticipation of three Federal Reserve rate cuts this year, with the Stoxx 600 up 0.6%

chat
51
Houses in Switzerland

In Switzerland, only 36% of households own their home; the average rent for a 4-room apartment exceeds 1600 francs

chat
70