At its meeting today, the Board decided to lower the cash rate target to 4.10 per cent and the interest rate paid on Exchange Settlement balances to 4 per cent. Underlying inflation is moderating. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. […]
The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on Action Forex.
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