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Reserve Bank holds rates at 4.35%; Kyle settles with ARN; crucial Middle East talks at G7
Published 1 week, 3 days ago
Description
The Reserve Bank of Australia has kept the official cash rate on hold at 4.35% after three consecutive increases, providing temporary relief to borrowers. However, Governor Michele Bullock warns that inflation remains too high and further rate rises haven't been ruled out, with major banks divided on whether additional increases will occur later this year. The government is also set to decide next week on whether to extend the fuel excise cut beyond June 30.
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