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The Australian Reserve Bank building (RBA) is observed on construction fences on August 06, 2024 in Sydney, Australia.
Lisa Marie Williams | Getty Images | Gets the image
The Australian Reserve Bank is expected to hold a 4.1%benchmark on Tuesday, despite the fact that inflation had previously decreased at a faster rate than expected.
Reading the country’s inflation in February came to a softer than expected, 2.4%.
said RBA In his statement On Tuesday, what should be sure that this progress will continue “so inflation returns to the middle of the target group.”
The Central Bank has stated that it was “cautious” of its forecast, indicating that recent tariff ads in the United States affect the confidence in a global scale, emphasizing that the impact is likely to be intensified when tariffs are expanding or other countries have avenged.
In the last meeting, The Bank has stated that if the monetary policy is reduced “too fast”, it may interfere with inflation progress, and it may not fall into the RBA target range by 2%-3%. The inflation remained in the target range of the bank since August 2024 and pushed the bank to reduce the rates in February.
Australia’s GDP grew by 1.3% a year in the fourth quarter of 2024, winning expectations and marking its fastest growth per year.
Governor RBA Michelle Bulak said after the previous meeting “We cannot claim to win inflation. This is not good enough that inflation is temporarily returned to the target range. The advice must be sure that it is steadily returned to the target range.”
Asked if there was a one -and -one decline in February, Bulak said the market was waiting for three more cuts on the highest replacement, but “our feeling is at the moment that it is too confident.”
The Australian government is in the warden mode, Prime Minister Anthony Albonez on Friday Call of national elections May 3.
