RBA HOLDS CASH RATE AT 4.10%
The Reserve Bank of Australia (RBA) has held the cash rate steady at 4.10% in its second monetary policy meeting of the year. No surprises here—this move was widely expected after February’s rate cut.
RBA Governor Michele Bullock previously stated that the central bank is keeping a close eye on inflation, waiting for solid proof that it’s returning to target before making any further moves. Want all the details? Read the full statement here.