The Reserve Bank of Australia maintains interest rates as scheduled and warns of increasing inflation pressures in the economy.

According to the Wisdom Finance APP, the Reserve Bank of Australia maintained its key interest rate unchanged on Tuesday as scheduled, while warning that inflationary pressures in the economy are increasing, and reiterating that the future policy direction will be determined by the latest data. The nine members of the Reserve Bank of Australia's monetary policy committee unanimously agreed to keep the cash rate unchanged at 3.6%, citing higher than expected consumer price index growth in the previous quarter and continuing tightness in the labor market. The committee stated in its announcement: "Recent inflation data suggests that there may still be some inflationary pressures in the economy." "As private demand is recovering and the labor market remains tight, the committee believes that it is appropriate to keep the cash rate at its current level at this meeting."