RBA Holds Interest Rates Steady After September Inflation Jump

Governor Michele Bullock says a stronger-than-forecast inflation jump limited the board’s options on rates.

A woman pays for her purchases at the Queen Victoria Market in Melbourne, Australia, on July 11, 2014. Scott Barbour/Getty Images

With inflation jumping higher than expected in the September quarter, the Reserve Bank of Australia (RBA) has kept interest rates on hold at 3.6 percent.

The decision was widely expected by markets and comes with one RBA meeting left this year.