Live Updates > Live Update Details
2025-09-16 13:23:53
[Assistant Governor of the Reserve Bank of Australia: Very close to the target levels of inflation and employment, will remain on the sidelines] Assistant Governor of the Reserve Bank of Australia Hunt said that the country's central bank is "very close" to restoring the inflation rate to the median of the target range of 2%-3%, and the economy is close to full employment. "We are monitoring the situation and will remain on the sidelines," Hunt said at an industry event in Sydney on Tuesday. "The committee will formulate policy accordingly. Although the future cannot be fully predicted, we hope to maintain the status quo for now." The Reserve Bank of Australia will hold its next meeting on September 29-30, and most economists and traders expect it to keep the cash rate unchanged at 3.6%. Economists generally predict that the bank will cut interest rates for the fourth time this year in November and cut interest rates again early next year, bringing the terminal interest rate to 3.1%.
