Australia's central bank keeps rates steady - Breaking The News

Australia's central bank keeps rates steady

24 September

1 min read

EPA-EFE/MICK TSIKAS

The Reserve Bank of Australia (RBA) revealed on Tuesday it decided against changing its monetary policy setting in September, in a widely expected move.

The central bank's targets for the cash rate and the interest rate on Exchange Settlement balances will remain at 4.35% and 4.25%, respectively.

"Sustainably returning inflation to target within a reasonable timeframe remains the Board’s highest priority," the bank said. "Policy will need to be sufficiently restrictive until the Board is confident that inflation is moving sustainably towards the target range," the RBA added.

monetary policy interest rates data

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