Australia's central bank held interest rates steady on Tuesday, as expected, and cautioned policy would need to stay restrictive for some time yet, strongly suggesting borrowers could expect no Christmas cheer this year.

The Reserve Bank of Australia left official interest rates on hold, chalking up a full year without fundamentally changing its policy stance while also not ruling out a further interest-rate increase.

A pedestrian passes the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row,

Australia's central bank held interest rates steady on Tuesday as expected, reiterating policy would need to stay restrictive until it was certain core inflation was slowing as desired. Wrapping up its November policy meeting,

Australias Central Bank Maintains 4.35% Interest Rate Amid Persistent Inflation RBA Holds Rates, Monitoring Inflation Risks The Reserve Bank of Australia (RBA) kept its interest rate unchanged at 4.35% in

The Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35% during its November meeting, matching market estimates. "While headline inflation has declined substantially and will remain lower for a time,

The Reserve Bank board will soon be wrapping up its two-day meeting in Sydney and will hand down its Melbourne Cup rates decision on Tuesday afternoon.