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Statement by the Reserve Bank Board: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continues to moderate but remains high. Recent information suggests that inflation continues to moderate, in line with the RBA’s latest forecasts. The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace. The data are consistent with ... (full story)
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<AUD=>: *RBA LEAVES CASH RATE TARGET AT 4.35%
— Cable FX Macro (@cablefxmacro) March 19, 2024
*RBA: INFLATION CONTINUES TO MODERATE BUT REMAINS HIGH
*RBA SAYS WAGE GROWTH LEVEL CONSISTENT WITH INFLATION TARGET
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RBA: ACCORDINGLY, CONDITIONS IN THE LABOUR MARKET CONTINUE TO EASE GRADUALLY, ALTHOUGH THEY REMAIN TIGHTER THAN IS CONSISTENT WITH SUSTAINED FULL EMPLOYMENT AND INFLATION AT TARGET
— First Squawk (@FirstSquawk) March 19, 2024
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RBA: WHILE THERE ARE ENCOURAGING SIGNS THAT INFLATION IS MODERATING, THE ECONOMIC OUTLOOK REMAINS UNCERTAIN #News #Markets #RBA #ECONOMIC #INFLATION #live
— Capital Hungry (@Capital_Hungry) March 19, 2024