Australia's central bank on Tuesday kept interest rates steady for a third straight month at the last meeting chaired by Governor Philip Lowe, and reiterated that some further tightening may still be needed to curb inflation.
Wrapping up its September policy meeting, the Reserve Bank of Australia held rates at 4.10%, and said recent data were consistent with inflation returning to the 2–3 percent target range in late 2025.
Market reaction was muted reflecting the widely-expected decision, with the Australian dollar nursing earlier losses at $0.6422. The third straight pause, however, has spurred talk that the tightening cycle is over.
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