The stubborn problem of inflation remains unsolved! The Reserve Bank of Australia has decided to maintain interest rates as scheduled, and the door to further rate hikes is not yet closed.

According to the Zhitong Finance APP, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% on Tuesday, marking the second consecutive time it has opted to remain steady, which aligns with market expectations. The RBA has not achieved the midpoint of its 2-3% inflation target range for nearly five years.