Australia's central bank left its key interest rate unchanged at a record low and repeated to maintain its supportive stance until inflation returns to the target range in a sustainable manner.
The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to maintain its cash rate target at 0.10 percent.
The Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 percent target range, Lowe said in the statement. While inflation has picked up, it is too early to conclude that it is sustainably within the target range.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.