RBA to hold cash rate at 4.35% on June 16
The Reserve Bank of Australia is expected to pause its tightening cycle at its June 16 meeting.
The RBA has raised the cash rate by 75 basis points since February, fully reversing last year’s easing.
GDP growth slowed to 0.3% in Q1 from 0.9% prior, while unemployment rose to 4.5% in April, the highest since November 2021.
Headline inflation eased to 4.2% in April from 4.6% in March, still above the RBA’s 2-3% target band