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RBA keeps rates on hold

Mike Taylor24 September 2024

The Reserve Bank has done as expected and left interest rates on hold at 4.35%.

In its statement issued today the bank said that inflation had fallen substantially since its peak in 2022 but was still some way above the midpoint of the 203% target range.

It said that the outlook remained highly uncertain and that returning inflation to target remained priority.

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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