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Australian central bank leaves its benchmark cash rate at 4.1% but warns there may be further hikes

Por: ABC News Business July 04, 2023

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CANBERRA, Australia -- Australia’s central bank left its benchmark interest rate at 4.1% at a policy meeting Tuesday after inflation fell to 5.6% in May from 6.5% a month earlier.The Reserve Bank has lifted the cash rate 12 times since May last year to reduce inflation to a target range of 2% to 3%.Higher interest rates raise the cost of borrowing for both businesses and consumers, slowing economic activity and helping to relieve price... + full article



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