The Reserve Bank of Australia leaves the cash rate unchanged, citing slow progress toward its inflation goal.
The Reserve Bank of Australia maintained its cash rate at 4.35% in a unanimous decision, aligning with market expectations. Policymakers noted inflation remains above the 2–3% target range, with a return to the midpoint not anticipated until late next year.
The decision follows steady policy since the last adjustment, as inflation pressures persist despite prior tightening. Analysts had widely forecast no change, given mixed economic signals and lingering price growth.
Markets showed limited reaction, reflecting the anticipated outcome and focus on future inflation data.