RBA announce on hold cash rate at 4.35%, as expected ...Middle East

The Reserve Bank of Australia has left the cash rate on hold at 4.35%, as was unanimously expected:At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.Full text is hereBoard remains resolute in its determination to return inflation to target. Inflation continues to moderate but remains high. Recent information suggests that inflation continues to moderate. Services inflation remains elevated and is moderating at a more gradual pace. Board is not ruling anything in or out on interest rates. The data are consistent with continuing excess demand in the economy and s

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