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RBA Holds Rates as Inflation Fights On
Description
The RBA holds rates steady at 4.35% as inflation stubbornly persists, forcing Governor Bullock to stay the course despite rising unemployment and sluggish consumer confidence. While Middle East ceasefire talks offer glimmers of hope for global stability, she warns it won’t quickly translate to lower prices or economic relief. Markets remain split on whether another hike looms — and with no clear signal from the RBA, uncertainty reigns as policymakers balance inflation control against growth concerns.
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