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The Reserve Bank of Australia (RBA) has decided to keep interest rates unchanged until its next meeting in February, citing high inflation and uncertainty around economic data. The RBA governor, Michele Bullock, noted that the bank's board does not meet again until February, giving it time to gather more information on the domestic economy before making another decision. While economists believe there is a good chance of a rate cut in the next year, the RBA remains cautious due to the lag between interest rate moves and their full impact on the economy. The bank is also concerned about the impact of population growth and labor market conditions on household consumption patterns.
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Reserve Bank
citing high
economic data
high inflation
Michele Bullock
rates unchanged
RBA
RBA governor
February
Australia
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