RBA Holds Rates at 4.35%
Published on: Jun 18, 2024|1 min read
London: 18 June 2024 (TraderMade): Australian borrowers can take a break for now! The Reserve Bank of Australia (RBA) opted to keep interest rates on hold at their policy meeting today, leaving the cash rate at 4.35%.
Wait-and-See Approach as Inflation Cools
The RBA's decision to hold rates at 4.35% today is a clear indication of their cautious approach. Recent data suggests a potential easing of inflation, prompting the central bank to carefully assess the impact of past hikes on inflation and growth.
Market Reaction Mixed
The ASX dipped slightly but recovered, ending flat. Market participants displayed mixed reactions; some hoped for a cut, and others were relieved that rates weren't raised. The impact of AUD needs to be clarified, with analysts predicting short-term volatility.
