Australia's central bank on Tuesday decided to retain the benchmark cash rate unchanged at 2.75 percent as expected, while maintaining its view that the inflation outlook allowed some scope to ease monetary policy further.
The Reserve Bank Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time, consistent with achieving the inflation target.
The Board also noted that the recent national accounts data has confirmed that the economy has been growing a bit below trend over the recent period.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.