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Australia's Reserve Bank holds OCR steady at 4.35 percent

Author
Newstalk ZB,
Publish Date
Tue, 5 Dec 2023, 5:40pm
Photo / File
Photo / File

Australia's Reserve Bank holds OCR steady at 4.35 percent

Author
Newstalk ZB,
Publish Date
Tue, 5 Dec 2023, 5:40pm

The Reserve Bank of Australia has opted to keep the OCR on hold for the time being.

The cash rate is set to stay at 4.35 percent, with economists citing moderating inflation as the main factor behind the decision.

Australian correspondent Murray Olds says inflation is reducing at a positive pace- but time will tell what the market looks like in January.

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