RBA Keeps Cash Rate Unchanged Despite Inflation Concerns

The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 4.35% after its board meeting this month. According to RBA governor Michele Bullock, the board did not discuss a possible cut in interest rates but weighed up whether to hike or hold rates. The decision was unanimous, with the board choosing to maintain the status quo.

Notably, there has been speculation about potential rate cuts following recent inflation data. However, it seems that the RBA is taking a cautious approach for now.