Reserve Bank Keeps Cash Rate Steady
Update: 2025-12-09
Description
Reserve Bank Keeps Cash Rate Steady, Inflation Remains a Concern: The Reserve Bank has decided to maintain the official cash rate at 3.6%, ending the rate-cutting cycle for now. This decision comes as inflation continues to rise, with the consumer price index at 3.8% and trimmed mean inflation at 3.3%. Reserve Bank Governor Michele Bullock has expressed concern over the persistent inflation, which is expected to remain above the target range of 2-3% for the near future. Current forecasts suggest headline inflation might not return to the target band until 2027. Despite the widely anticipated decision, experts are divided on the Reserve Banks next move for 2026, with some predicting at least one rate rise and others forecasting at least one rate cut.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
