RBA leaves rates unchanged despite slow inflation fall

7th May 2024 07:29

(Sharecast News) - Australia's central bank left interest rates unchanged on Tuesday despite a slower-than-expected fall in inflation.

The Reserve Bank of Australia left its cash steady at 4.35% for a fourth consecutive meeting, in line with expectations.

"Recent information indicates that inflation continues to moderate, but is declining more slowly than expected," it said.

Reporting by Frank Prenesti for Sharecast.com