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Australia's central bank holds rates steady
RTE.ie·2025-11-04 16:11

Australia's central bank has today left its cash rate steady as expected at 3.6%, saying it was cautious about easing further given higher inflation, firmer consumer demand and a revival in the housing market.Wrapping up a two-day policy meeting, the Reserve Bank of Australia said recent data suggested inflationary pressures could remain in the economy, adding that it would update its view as data evolves.Markets had seen little chance of a rate cut this week following an uncomfortably hot reading on third- ...