The Reserve Bank of Australia on Tuesday retained the cash rate unchanged after cutting it to a record low of 2.75 percent last month. However, the central bank still sees scope for further monetary easing.
The decision was in line with economists expectations. At the meeting, the Reserve Bank Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time.
According to a statement by Governor Glenn Stevens, the Board maintained the view that the current inflation outlook "may provide some scope for further easing, should that be required to support demand."
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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.