Traders pared bets on near-term policy easing in Australia as the central bank warned that third-quarter inflation may come in stronger than expected and signaled patience on further interest rate cuts.
The Reserve Bank’s board held its cash rate at 3.6% on Tuesday after three cuts this year, while reiterating that it remains cautious about the outlook and stressing that data will dictate future moves.
“We have to be data dependent,” Governor
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