Reserve Bank of Australia holds cash rate at 4.35% as annual inflation falls to 4.9%, impacting wage inflation rate

For the second consecutive month, The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.10%.

The decision to keep the official cash rate at 4.10% follows the annual household inflation rate falling from 7% in the March quarter to 6% during the June quarter.

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