Reserve Bank Curbs Rate-Cut Hopes
The Reserve Bank is in no rush to cut interest rates again, as it waits for more economic data to guide its next steps.
The central bank is worried inflation may be stronger than expected, driven partly by price growth in the services economy, which includes sectors such as healthcare, finance and hospitality.
Inflation data for the September quarter, to be released at the end of October, will be crucial to understanding the future direction of Australia's economy.
The bank's board awaits crucial economic data to determine the next steps.
Autor's resume: Reserve Bank delays rate cuts.
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