Reserve Bank of Australia keeps interest rates unchanged, maintains cautious stance on inflation

BlockBeats News, on September 30, the Reserve Bank of Australia kept the cash rate unchanged at the expected 3.60% on Tuesday, stating that recent data indicates third-quarter inflation may be higher than expected and the economic outlook remains uncertain. The Reserve Bank of Australia believes it is appropriate to remain cautious with policy, but is well positioned to respond to developments in the international situation.

After a 25 basis point rate cut in August, the market considers the possibility of further easing this week to be minimal, and with the monthly consumer price index remaining high, the market believes it is better to wait for the full third-quarter inflation report to be released at the end of October. (Golden Ten Data)