By Stella Qiu SYDNEY (Reuters) - Australia's central bank on Tuesday kept interest rates steady for a third straight month at the last meeting chaired ...
Update on Halifax Serval Cat | SaltWireSYDNEY - Australia's central bank on Tuesday kept interest rates steady for a third straight month at the last meeting chaired by Governor Philip Lowe, and reiterated that some further tightening may still be needed to curb inflation.
Markets and economists had wagered on a steady outcome after a batch of economic data - including inflation, wages and jobs - came in below expectations and offered no compelling reason to restart the tightening cycle. Lowe, who would hand over to his deputy Michele Bullock on September 18, retained a warning that some further tightening of monetary policy may be required.
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