But Governor Philip Lowe says further hikes may be needed to cool inflation pressures. The RBA has hiked 12 times since May last year. Australia's central bank has left its cash rate target on hold for the second consecutive month at 4.1%. Economists were divided as to whether the RBA would hike or stay still. The central bank started hiking in May last year and has delivered 12 hikes since then. Governor Philip Lowe said higher Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/economics/rba-rate-decision-6/

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