Australia's central bank left its interest rate unchanged at a 12-year high for the sixth consecutive meeting and damped market expectations for a near term rate cut as it emphasized the need to keep the policy sufficiently restrictive to bring inflation to the target.
As widely expected, the policy board of the Reserve Bank of Australia headed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The previous change in the interest rate was in November 2023, when it was raised by a quarter-point to the highest level since late 2011.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.