RBA Maintains High Interest Rates Despite Global Easing Trend

Australia's Reserve Bank holds steady at 4.35% as inflation concerns persist, diverging from US and UK rate cuts.

• The RBA keeps interest rates at a 12-year high of 4.35% for the sixth consecutive meeting.
• Australia's core inflation remains at 3.9%, above the central bank's target of 2-3%.
• Economists predict the RBA will continue a 'hawkish hold' approach, delaying potential rate cuts.
• Government policies and strong migration influence inflation and economic conditions.
• The RBA aims to maintain post-COVID job gains while managing inflation risks.

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