RBA expected to hold interest rates at 4.35%

The Reserve Bank of Australia is expected to keep the cash rate on hold at 4.35% when it announces its decision this afternoon. Market predictions show a 0% chance of a rate hike, with 37 economists surveyed agreeing rates will remain unchanged. Governor Michelle Bullock will address the media at 3:30pm, likely emphasising that inflation remains above the 2-3% target range while not ruling out future rate adjustments.See omnystudio.com/listener for privacy information.