RBA Holds Key Rate to Counter Elevated Inflation Pressures

RBA Holds Key Rate to Counter Elevated Inflation Pressures

Australia’s central bank kept its key interest rate unchanged on Tuesday, wagering that higher unemployment and a weakening property market will weigh on economic activity sufficiently to cool inflation.

Australia’s central bank kept its key interest rate unchanged on Tuesday, wagering that higher unemployment and a weakening property market will weigh on economic activity sufficiently to cool inflation.

This article was originally published by Bloomberg.

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