Australian central bank keeps rates at 4.1% for 4th month

Transcript

00:00 The Reserve Bank of Australia has decided to keep interest rates unchanged for the fourth

00:05 consecutive month.

00:06 However, the bank has indicated that there may be a need for further tightening in the

00:11 future to control inflation.

00:13 The decision was based on recent data suggesting that inflation is expected to return to the

00:19 target range of 2 to 3 percent while the economy continues to grow.

00:24 There is still a possibility of a rate hike in November depending on the inflation situation

00:30 in the third quarter.

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