RBA Holds Key Rate, Willing to Tighten Further If Needed (opens original article in a new tab)

Australia's central bank kept its key interest rate unchanged at 4.35% for the first time this year, citing signs of economic slowdown while warning that inflation remains too high and further rate hikes may be needed.

• RBA kept key interest rate unchanged at 4.35% for first time this year
• Board warned inflation remains too high and may raise rates further if needed
• Economic slowdown signs include rising unemployment and weaker growth