Interest rates in Australia unchanged
May 7, 2024
At today’s meeting, the Board decided to leave the target cash rate unchanged at 4.35 per cent and the interest rate paid on settlement balances unchanged at 4.25 per cent. Inflation remains high and is falling more gradually than expected. According to the latest information, inflation continues to moderate but is falling more slowly than expected. The consumer price index rose 3.6 percent in the year to the March quarter, up from 4.1 percent in the year to December.
