Australia's Central Bank Indicates Neutral Stance Amid Balanced Risks

By
Lorenzo Santoro
1 min read

News Content

The Reserve Bank of Australia has signaled a further shift towards a neutral stance, as minutes of its March meeting revealed no mention of rate-hike discussions. The board also noted that the balance of risks to the outlook was 'a little more even' than previously, while maintaining the key rate at a 12-year high of 4.35%. Recent economic data was reported to be broadly in line with the bank's forecasts.

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