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Australian Central Bank Raises Rate by 25 bps as Expected; Inflation Likely to Stay Above Target for Longer
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The Reserve Bank of Australia (RBA) has announced an increase in the cash rate by 25 bps to 4.1%, in line with expectations. Since the monetary policy meeting in February 2026, part of the inflation rise has reflected greater capacity pressures. Meanwhile, the Middle East conflict has led to a spike in fuel prices. This situation will push up inflation if it persists. With short-term measures of inflation expectations having already risen, the RBA anticipates that inflation may remain above the target level for a longer period than previously expected. AAStocks Financial News |
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