Reserve Bank of Australia

The Reserve Bank of Australia has decided to maintain the cash rate at 3.60 percent, citing recent inflationary pressures that may be temporary but warrant close monitoring. Economic activity is recovering, with strengthened private demand, yet uncertainties remain regarding the persistence of inflation and the overall economic outlook.

• Inflation has decreased since its peak in 2022 but has recently picked up, indicating potential persistent pressures.
• Economic activity is recovering with strong growth in private demand, but the labour market remains tight with rising unemployment.
• The Board is cautious in its approach, emphasizing the need for ongoing assessment of economic data and inflation trends.

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