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.