The Reserve Bank of Australia has kept the cash rate at 3.60 per cent, citing easing inflation within its 2–3 per cent target in June but warning September data may surprise on the upside.
Private demand is rebounding, offsetting weaker public spending, while labour markets remain steady.
With high unit labour costs, global risks, and inflation uncertainties, the RBA signalled a cautious stance.
Private demand is rebounding, offsetting weaker public spending, while labour markets remain steady.
With high unit labour costs, global risks, and inflation uncertainties, the RBA signalled a cautious stance.
