RBA unexpectedly keeps the rates as it expects additional inflation data

Australia’s Central Bank has spent its political level at 3.85%, saying that inflation data should need more time.

Economists interviewed by Reuters expected a reduction of 25 basic points to 3.6%.

In his statement on Tuesday, the Australian Reserve Bank said he was expecting “a little more information to confirm that inflation remains on the way to reach 2.5 percent on a sustainable basis.”

“While the latest monthly IPC indicators suggest that the June quarter of inflation will probably meet the forecast overall, they were, on the margin, which was expected,” the Central Bank added.

Entered Australian inflation Below the expectations of 2.1% in MayThe lowest since October 2024. In the first quarter inflation was 2.4%Staying on a four -year minimum.

Immediately after the decision of Australia’s treasurer Jim Chalmers said on x The fact that this step from RBA was “not as a result of millions of Australians hoped or what the market or economists were waiting for.”

He added that the country has made “significant and sustainable inflation progress” and advertised its government’s efforts to lift.

Immediately after the release of the data, the S&Sx Index decreased by 0.24%, and the Australian dollar strengthened 0.79%.

Currently, Australia is struggling with growth slowing because state expenses are shrinking and consumer demand is weakening.

The country recorded 1.3% of the extension In the first quarter of the year, there is no expectation of a reuters survey of 1.5%.