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SYDNEY (Reuters) – Australia’s central financial institution held rates of interest regular on Tuesday as anticipated, whereas reiterating that it was not ruling out additional will increase if wanted to manage inflation.
Wrapping up its June coverage assembly, the Reserve Financial institution of Australia (RBA) saved charges at a 12-year excessive of 4.35%, the place they’ve been since a hike in November final yr.
Markets had wagered closely on a gentle consequence given the economic system virtually floor to a halt within the first quarter and wage progress had slowed by greater than anticipated. [AU/INT]
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