Australia News

Reserve Bank of Australia Keeps Interest Rates on Hold

The board said it remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.
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Reserve Bank of Australia Keeps Interest Rates on Hold
Blank one dollar coins are seen on a conveyor belt at the Royal Australian Mint in Canberra, Australia on Sept. 2, 2020. AAP Image/Mick Tsikas
Monica O’Shea
|Updated:
0:00

The Reserve Bank of Australia (RBA) board has left interest rates on hold at 4.35 percent, in a decision widely tipped by economists.

The board is determined to return inflation to target within a reasonable timeframe, but noted it is still going to take some time yet.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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