Reserve Bank of Australia (RBA) Monetary Policy Decision: May 7, 2024
Overview The Reserve Bank of Australia (RBA) Board decided to maintain its cash rate target at 4.35% and keep the interest rate on Exchange Settlement balances at 4.25%. This decision marks the fourth consecutive month with no changes since the last rate hike in November 2023. Key Takeaways: 1. Inflation Trends: 2. Economic Imbalances: 3. […]