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The Reserve Bank of Australia (RBA) left the cash rate unchanged at 0.10% for June, following its monthly board meeting.
The decision was widely anticipated, as the RBA’s board has repeatedly maintained it will not increase the cash rate until actual inflation is sustainably within the 2-3% target band.
The Reserve Bank expects inflation in underlying terms to be only 1.5% in 2021 and 2% in mid-2023, despite recently increasing its forecasts for economic growth.
Kind regards
Declan Hanratty
0409 089 456
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