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List of key points of the Reserve Bank of Australia's interest rate decision: no mention of the possibility of interest rate hikes

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2024-05-07 12:44:27
< br > < span class = "section-news" > 1. Interest rate level: The Reserve Bank of Australia left its policy rate unchanged at 4.35% for the fourth consecutive time, in line with market expectations. < br > < span class = "section-news" > 2. Forward guidance: The forecast assumes interest rates remain at 4.35% until mid-2025, nine months longer than the February forecast. < br > < span class = "section-news" > 3. Inflation expectations: Short-term headline inflation is expected to rise and core inflation to slow more slowly, not ruling out any possibility. < br > < span class = "section-news" > 4. Economic Expectations: GDP growth is forecast to be 1.6% in December 2024, 2.3% in December 2025, and 2.4% in June 2026. < br > < span class = "section-news" > 5. Job Market: The labor market is tighter than previously assumed, with less spare capacity in the economy and wage growth exceeding sustainable levels.