RBA interest rates: ‘Cautious’ board worried June inflation will be higher than forecast

The Reserve Bank of Australia (RBA) decided to maintain the cash rate at 3.85% due to concerns that June quarter inflation might exceed forecasts, despite recent signs of slowing inflation. Additionally, the unemployment rate rose to 4.3%, prompting discussions about potential interest rate cuts, while consumer and business confidence in Australia remained relatively stable amid easing global trade tensions.

Want More Context? 🔎