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RBA Holds Rate Despite US Rate Hike Inaction

2024-06-22OANDAOANDA
Australia’s central bank kept its cash rate unchanged at a record low 2.0 percent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings. Read MoreAsian central banks hog the limelight this week The Reserve Bank of Australia (RBA) made the announcement following […]

Australia’s central bank kept its cash rate unchanged at a record low 2.0 percent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings.

Read MoreAsian central banks hog the limelight this week
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 25 analysts polled by Reuters last week expected no change this week.

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