RBA has unexpected prices because it is waiting for more inflation data

The central bank in Australia kept 3.85 %, saying it needs more time to evaluate inflation data.

Reuters economists had expected a 25 -point reduction to 3.6 %.

In his statement on Tuesday, the Australian Reserve Bank said it was awaiting “more information to confirm that inflation remains on the right path to reach 2.5 percent on a sustainable basis.”

The Central Bank added: “While the recent monthly monthly consumer price index data indicates that the quarter in June inflation is likely to be widely identical with expectations, it was, on the sidelines, a little stronger than expected,” the central bank added.

Australia’s inflation came Below the expectations of 2.1 % in MayThe lowest since October 2024. In the first quarter, inflation was 2.4 %Stay at the lowest level of four years.

Immediately after issuing the data, the S&P/ASX index decreased by 0.24 %, while the Australian dollar has strengthened 0.79 %.

Australia is currently struggling with slowing growth with general spending shrinking with weakening demand and export to consumers.

The country recorded 1.3 % expansion In the first quarter of the year, Reuters polls were lost by 1.5 %.

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