2024-06-18 01:09:00 ET
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The Reserve Bank of Australia kept its cash rate unchanged at 4.35% during its June meeting, holding steady for the fifth consecutive meeting, as widely expected.
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The board also kept the interest rate on Exchange Settlement balances unchanged at 4.25%.
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Investors now look ahead to the post-meeting press conference, where RBA Governor Michele Bullock is expected to reiterate that the central bank is not ruling anything in or out on future policy as more economic data roll in.
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The S&P/ASX 200 Index rose 0.9% to around 7,769.9 on Tuesday, snapping a two-day decline.
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ETFs: ( EWA ), ( FXA ), ( FLAU ).
More on Australia
- Australia's jobless rate eases to 4.0% in May, matches estimates
- Australia trade surplus larger than expected as exports fell less than imports
- Australia reports Q1 GDP growth of 0.1% below estimates
- Australia's monthly inflation rate accelerates to 3.6% Y/Y in April; highest in five months
- RBA May meeting minutes show to consider another interest rate hike
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Australia leaves cash rate unchanged for fifth time at 4.35%