RBA keeps interest rates on hold at 4.35pc but warns progress against inflation is slowing

ABC NEWS (Australia) 2024-05-07

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The Reserve Bank has decided to maintain the current interest rate at 4.35 percent. Despite holding rates steady, the Bank's Chief has indicated that it is premature to claim success in the fight against inflation. She emphasised that the possibility of a future rate hike remains open, suggesting that the economic battle against rising prices is far from over.
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