The Reserve Bank of Australia (RBA) revealed on Tuesday it decided to keep rates steady, as expected.
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.
The RBA seemed to have softened its tone this time, with the bank's policy statement lacking its "not ruling anything in or out," cautionary note. The bank also omitted a line from November that stressed the need for restrictive policies. Instead, the RBA noted that the board is "gaining some confidence that inflation is moving sustainably towards target."
