Economic Buzz: RBA holds rates at 4.35% amid inflation concerns

The Reserve Bank of Australia kept its cash rate unchanged at 4.35% in June, citing the need to assess the impact of earlier rate hikes. While economic activity is showing signs of slowing under tighter financial conditions, policymakers warned that inflation remains elevated due to higher fuel and commodity costs. The RBA also noted mixed labour market conditions, with unemployment rising in April but broader indicators remaining resilient.

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