The Reserve Bank of Australia on Tuesday decided to leave its key rate unchanged as expected by economists.
At its meeting, the Board maintained the cash rate at 3.50 percent. The bank eased monetary policy in May and June, lowering the cash rate by a total of 75 basis points.
As a result of the sequence of earlier decisions, interest rates for borrowers are a little below their medium-term averages, the central bank said.
The Board today judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.