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Australia central bank highlights global risks as it keeps rates steady at 4.1%
In episode 72, Michelle examines the impact of U.S. tariffs and the Reserve Bank of Australia's current rate stance, discussing how these factors interplay with global economic trends. The episode delves into the Reserve Bank of Australia's monetary policy and its economic outlook, providing insights into potential future policy shifts. Michelle also explores Australia's economic resilience in the face of global challenges, considering the context of the upcoming elections and their potential influence on economic strategies. The episode concludes with closing remarks, inviting listeners to stay engaged with future updates for ongoing financial insights.
Key Points
- The Reserve Bank of Australia decided to keep its benchmark policy rate steady at 4.1% amid global uncertainties influenced by recent U.S. tariffs.
- Australia's inflation reading in February was a softer-than-expected 2.4%, but the central bank remains cautious about the economic outlook.
- Australia's economy showed resilience with a 1.3% year-on-year growth in the fourth quarter of 2024, yet the central bank emphasizes the need for sustainable inflation stability before further rate changes.
Speakers
Michelle
Host • 100%
Chapters
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Transcript
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