Australia Central Bank Debated August Rate Hike
Australia central bank board members debated a rate hike in August amid upside inflation risks. The policy board ultimately voted to hold rates steady at 4.35 percent while awaiting incoming economic data.
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Australia's central bank board was divided on whether to raise interest rates at its August meeting, with several members judging a hike was necessary to curb inflation risks. The cash rate was held steady at 4.35%.
