Forex
RBA Holds Rate, Warns of Future Hikes Amid Inflation Concerns
The Reserve Bank of Australia (RBA) has left its benchmark interest rate unchanged at 4.35 percent, signaling potential rate hikes if inflation risks materialize.
In a two-day meeting, the RBA's policy board, led by Governor Michele Bullock, made the decision to maintain the cash rate target.
The move comes as the bank continues to monitor inflation concerns, which have been lingering due to upside risks. The RBA has indicated that it is prepared to increase rates if these risks become a reality.