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Australia Central Bank Holds Rates at 4.1% for Fourth Month

Selasa, 03 Oktober 2023 / 11:03 WIB
 Australia Central Bank Holds Rates at 4.1% for Fourth Month
ILUSTRASI. Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. REUTERS/Steven Saphore

Sumber: Reuters | Editor: Yudho Winarto

KONTAN.CO.ID - SYDNEY. Australia's central bank held interest rates steady on Tuesday for a fourth month, but again warned that further tightening might be needed to bring inflation to heel in a reasonable timeframe.

Baca Juga: Fed Policymakers See Rates Staying High for Some Time

Wrapping up its October policy meeting, the Reserve Bank of Australia (RBA) held rates at 4.10% and said recent data were consistent with inflation returning to its 2–3 percent target over time with output and employment still growing.

Baca Juga: Eni Boosts Indonesia Exposure with Big Gas Discovery

Markets had wagered heavily on a steady outcome this month, though there is still some chance of a hike in November depending on how inflation progresses over the third quarter. 

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