Australia's central bank holds rates at 4.1%, sounds less hawkish

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Australia's central bank holds rates at 4.1%, sounds less hawkish

, Reuters - 11:36 PM ET 3/31/2025 default

SYDNEY, April 1 (Reuters) - Australia's central bank on Tuesday left its cash rate steady as expected at 4.1% saying it was still cautious about the outlook, though it dropped an explicit reference to being cautious about cutting rates again.

Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) said policy was well placed to respond to international developments with U.S. tariffs expected to be a drag on global growth.

Markets had seen a scant chance of a further easing this week following a quarter-point cut in February, given policy makers had emphasised that they needed to be certain core inflation was under control before acting again. (Reporting by Wayne Cole; Editing by Christian Schmollinger)

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