Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

Australian dollar sinks as RBA hold rates

RBA holds rates at 4.1% AUD/USD declines 1% The Australian dollar is down sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6295, down 1.05%. RBA pauses rates for fourth straight time Another Reserve Bank of Australia meeting, another pause.

03-10-2023 07:27 GMT by Kenneth Fisher

AUD/USD - Falls as RBA leaves interest rates on hold for a fourth month

RBA holds the Cash Rate at 4.1% AUDUSD falls despite warning that further hikes remain an option Key technical support eyed after brief consolidation The Australian dollar softened this morning after the RBA opted to leave the Cash Rate at 4.1% but warned some further tightening may be required. The decision and statement - the first under new Governor Michele Bullock - was largely in line with what we've heard before and was a long way from suggesting another rate hike is imminent.

03-10-2023 04:48 GMT by Craig Erlam