The Reserve Bank of Australia decided to keep its key rate unchanged unexpectedly on Tuesday in order to assess the impact of the previous tightening on the economy and its associated risks.
The board of the Reserve Bank of Australia, led by Governor Philip Lowe, left the cash rate target unchanged at 4.10 percent.
Although further tightening of policy may be required to bring inflation back to the target in a reasonable timeframe, such move will depend upon how the economy and inflation evolve, Lowe said.
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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.