The Reserve Bank of Australia has held the cash rate at 4.35 per cent, citing persistent inflation, which remains above the 2-3 per cent target range.
Despite a drop in headline inflation, underlying inflation is still high, and forecasts suggest it will not return to target until 2026.
Economic growth remains weak, with labour market conditions tight.
Despite a drop in headline inflation, underlying inflation is still high, and forecasts suggest it will not return to target until 2026.
Economic growth remains weak, with labour market conditions tight.
