Rates Remain on Hold, RBA Still Wary of Inflation Risks

People look at a signboard of a property for sale in Sydney, Australia, on May 5, 2022. Brendon Thorne/Getty Images

The Reserve Bank of Australia (RBA) has kept interest rates unchanged and reworked its forecasts, with inflation returning to target by the end of the year before bouncing back towards the end of 2025.

The key interest rate was left unchanged at 4.35 percent, where it has been since November last year.