Australia's Central Bank Holds Rates, Softens Hawkish Stance Slightly

AUSTRALIA - SYDNEY. Australia’s central bank on Tuesday reiterated that interest rate cuts were unlikely in the near term as it held policy steady, but softened its hawkish stance by saying monetary tightening was not discussed.

Governor Michele Bullock said the board did not actively consider raising rates but did discuss whether or not its hawkish messaging should change.

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