ChainCatcher news, according to Jinshi, the Reserve Bank of Australia announced that it would keep the interest rate unchanged at 4.35%, in line with market expectations.

The Reserve Bank of Australia said that demand exceeded economic supply capacity, exceeding expectations. Determined to restore the consumer price index (CPI) to the target level, it is necessary to remain vigilant to the upward risks of inflation. Inflation is still above the target, showing persistence. The core inflation level is still too high, and necessary measures will be taken to achieve the inflation target.

In addition, core inflation is expected to slow more slowly than previously expected, and is expected to fall below 3% by the end of 2025. At the same time, the forecasts for gross domestic product (GDP) growth, unemployment rate and core inflation were raised.