Australia central bank keeps rates at 3.6%, warns of inflation risk
Tweet
Share
E-mail
An office worker walks past the Reserve Bank of Australia (RBA) building in central Sydney, Australia, March 1, 2016. REUTERS/David Gray
SYDNEY, Dec 9 (Reuters) - Australia's central bank on Tuesday left its cash rate steady as expected at 3.60%, saying risks to inflation had tilted to the upside and it would take a little longer to asses the persistence of price pressures.
Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) also said domestic demand had been stronger than expected and could add to inflationary pressures.
Markets had seen no chance of an easing this week following strong readings on inflation and consumer demand, and were already pricing in the risk of a rate hike later next year.
[AU/INT]
(Reporting by Wayne ColeEditing by Shri Navaratnam)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- OpenAI says Apple has only itself to blame in trade-secret fight
- Kenya aviation workers end strike that disrupted flights, officials say
- Taiwan's chip prowess is built on democracy and rule of law, president says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
