RBA Leaves Cash Rate Target Unchanged at 3.60%

The Reserve Bank of Australia (RBA) has decided to keep the interest rate unchanged at 3.6%, pausing its aggressive tightening cycle. Despite global banking turmoil, the RBA states the banking system is strong but warns that further policy tightening may be needed. The market reaction shows a slight positive shift, with the Aussie dollar remaining weak. The RBA reiterates its medium-term inflation expectations and will monitor CPI and spending to determine future rate changes.

What decision did the RBA make regarding the cash rate?

• Kept it unchanged at 3.6%

• Increased it to 4.0%

• Decreased it to 3.0%

• Eliminated the cash rate

What is the RBA's stance on the banking system amidst global turmoil?

• The banking system is unstable

• The banking system is weak

• The banking system is irrelevant

• The banking system is strong

How many basis points of tightening has the RBA implemented in the last 11 months?

• 150 basis points

• 250 basis points

• 350 basis points

• 450 basis points

How did the market react to the RBA's decision?

• The Aussie dollar strengthened significantly

• The ASX200 moved into negative territory

• The Aussie dollar remained slightly weaker

• The ASX200 showed no change

What will the RBA monitor to decide on future rate changes?

• Unemployment rates

• CPI and spending

• Foreign investments

• Export levels