Australia Keeps Interest Rate Unchanged
The Reserve Bank of Australia (RBA) announced its Monetary Policy Board unanimously voted to maintain the cash rate target at 3.60 percent during the final policy session of 2025.
Officials acknowledged inflation's dramatic retreat from 2022 peaks but flagged worrisome recent momentum. The Australian Bureau of Statistics reported late November that annual inflation climbed from 3.6 percent in September to 3.8 percent in October. The annual trimmed mean—the RBA's benchmark for core inflation—simultaneously rose to 3.3 percent.
"The recent data suggest the risks to inflation have tilted to the upside, but it will take a little longer to assess the persistence of inflationary pressures," the Monetary Policy Board stated in its decision release.
Policymakers identified emerging signals of widespread price acceleration requiring intensive surveillance going forward.
The Australian Broadcasting Corporation (ABC) noted markets had broadly anticipated the hold decision.
The RBA previously slashed its key rate by 0.25 percentage points across three separate meetings between February and August, bringing it down from 4.65 percent—a level maintained since November 2023.
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