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Reserve Bank Leaves Cash Rate Unchanged at 4.35%, Says “The Outlook Is Highly Uncertain”

The Reserve Bank has left the cash rate unchanged at 4.35%, in a decision announced today.

The cash rate has now been held at 4.35% for the past four months.

In a statement released today, the RBA board says that inflation has moderated but is still high. It says the “outlook is highly uncertain”.

Watch RBA Governor Michele Bullock’s press conference (39m):

Listen to Michele Bullock’s press conference (39m):

The statement issued by the board is shown below.

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Malcolm Farnsworth
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