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

Australia's central bank keeps rates steady

3 October

1 min read

EPA-EFE/MICK TSIKAS

Reserve Bank of Australia (RBA) revealed on Tuesday it decided against changing its monetary policy setting in October, in line with market expectations.

The central bank's targets for the cash rate and the interest rate on Exchange Settlement balances will remain at 4.10% and 4.00%, respectively.

"Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will continue to depend upon the data and the evolving assessment of risks," new RBA Governor Michele Bullock said in her first rates call since taking office.

monetary policy interest rate rba

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