Commuters walk past the Reserve Bank of Australia (RBA) building in Sydney, Australia, on June 7, 2022. Brendon Thorne/Getty Images
The Reserve Bank of Australia (RBA) has opted to keep the cash rate at 3.85 percent, resisting expectations for a July cut.
Citing the need for “a little more information” to confirm inflation is heading toward its 2.5 percent goal, the Board opted for caution as recent rate reductions, global trade uncertainty, and mixed domestic signals continue to shape the economic outlook.
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