Australia's central bank decided to halt its monetary policy tightening in order to assess the full impact of the cumulative 350 basis points increase since last May but policymakers pointed out that some further tightening may be needed to bring inflation back to the target.
The board of the Reserve Bank of Australia left the cash rate target unchanged at 3.60 percent. The outcome of the meeting matched economists' expectations.
For comments and feedback contact: editorial@rttnews.com
Business News
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.