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Governor of the Reserve Bank of Australia (RBA) Michele Bullock speaks to the media during a press conference in Sydney, Australia, on Feb. 6, 2024. AAP Image/Bianca De Marchi
Australia’s official cash rate will remain steady at 4.35 percent following a Reserve Bank board meeting on March 19.
The result is in line with market expectations and marks the fourth consecutive month that the central bank has kept the cash rate on hold since the last time it was raised in November 2023.
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
