Australia's central bank left its benchmark interest rate unchanged for the third straight meeting as inflation is expected to return to the target in a reasonable time.
At the final board meeting of Philip Lowe as governor, the policy board decided to hold the cash rate target at 4.10 percent. The decision matched economists' expectations.
The interest rate paid on Exchange Settlement balances was kept unchanged at 4.00 percent.
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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.