Australia pauses rate hikes to assess tightening impact on inflation

SYDNEY  –Australia‘s central bank on Tuesday left its cash rate unchanged at 3.6 percent to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases as the economy slows and inflation has peaked. Wrapping up its April policy meeting, the Reserve Bank of Australia (RBA) did warn that … Continue reading Australia pauses rate hikes to assess tightening impact on inflation