At the RBA’s March 19th meeting the decision was made to leave the cash rate unchanged at 4.35 per cent.
While inflation remains high, it does continue to moderate as per the RBA’s forecasts. The monthly CPI indicator held steady at 3.4 per cent with the momentum easing in recent months.
In its report released today the RBA says its highest priority is to return inflation to target within a reasonable timeframe, stating that it needs to be confident that inflation is moving sustainably towards the target range.
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