The Reserve Bank of Australia (RBA) has kept the cash rate steady at 3.6 percent at its final meeting of the year, cautioning that inflation risks have “tilted to the upside” and signalling it would respond if price pressures persist.
“The pick-up in momentum has been stronger than anticipated, particularly in the private sector. If this continues, it is likely to add to capacity pressures,” the RBA said in its post-meeting statement released on Dec. 9.
