SYDNEY, April 4 (Reuters) - Australia's central bank on
Tuesday left its cash rate unchanged at 3.6% to break a run of
10 straight hikes, saying it wanted additional time to assess
the impact of past increases on the economy and inflation.
Wrapping up its April policy meeting, the Reserve Bank of
Australia (RBA) did warn that some further tightening of
monetary policy may well be needed to ensure that inflation
returns to target.
Markets had been wagering on a pause, while analysts were
more divided on whether the bank would hike again given the
still high level of inflation. (Reporting by Wayne Cole; Editing by Shri Navaratnam)
Messaging: wayne.cole.thomsonreuters.com@reuters.net))
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