The Bank Reserve Bank of Australia building (RBA) is located behind construction fences on August 6, 2024 in Sydney, Australia.
Lisa Maree Williams Getty Images News Getty images
On Tuesday, the Australian reserve bank expected a rate of comparative policy in the amount of 4.1%, despite the fact that inflation previously marked that the inflation was falling at a faster pace than expected.
Reading the country's inflation in February was soft than the expected 2.4%.
At the last meeting, The central bank said that “some risk related to inflation seems to be alleviated”, noticing a sharper decrease.
However, the bank also added that if a monetary policy was softened “too early”, it may hinder progress in inflation and may not achieve the target RBA range of 2%-3%. Inflation remained in the destination bank since August 2024 and prompted the bank to reduce rates in February.
Australia's GDP increased by 1.3% year -on -year in the fourth quarter of 2024, overcoming expectations and marking its fastest growth during the year.
RBA Governor Michelle Bullock – he said after the previous meeting “We cannot announce inflation victory yet. It is not good enough for inflation to temporarily return to the destination. The council must be sure that it returns to the destination range.”
Asked if the reduction of the February rate was the decision of “one and ready”, Bullock said that the market is expecting about three additions except for the reduction of the February rate, but “at the moment our feeling is too confident.”
The Australian government is in the supervisor mode, and Prime Minister Anthony Albanese on Friday Calling national elections on May 3.