The Reserve Bank of Australia (RBA) has left its cash rate unchanged at 3.60% at its latest monetary policy review saying inflation appears to have peaked in Australia and it wants more time to assess both the impact of the 3½ percentage points of increases in interest rates it has made since May 2022, and the economic outlook. Governor Philip Lowe says, however, that the RBA expects "some further tightening of monetary policy may well be needed to ensure that inflation returns to target." The decision to hold was largely expected by economists and the financial markets, and comes after the RBA had increased its cash rate at 10 consecutive reviews from a low of 0.

https://www.interest.co.nz/bonds/120628/reserve-bank-australia-holds-cash-rate-360-suggests-further-increases-may-still-be

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