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RBA Leaves Cash Rate at 4.35pc, Keeps Tightening Bias

The number: The Reserve Bank of Australia left the cash rate on hold at 4.35 per cent as widely predicted by the market and economists.Why it matters: It is the central bank’s first policy meeting this year under the new format of a two-day board meeting and media conference. They also released quarterly economic forecasts.What has changed: Inflation slowed faster than expected in the December quarter, prompting traders to bet that the first interest rate cut will happen by August of this year.
RBA Leaves Cash Rate at 4.35pc, Keeps Tightening Bias

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