Reserve Bank of Australia (RBA) Governor Michele Bullock is due to address a press conference and respond to media questions as part of a new reporting format for the central bank that started this year.
The RBA maintained the benchmark interest rate at 4.35% for the ninth straight meeting earlier this Tuesday. The central bank, however, softened its hawkish tone, hinting at a dovish pivot early next year.
This section below was published at 03:30 GMT to cover the Reserve Bank of Australia's monetary policy announcements and the initial market reaction.
The Reserve Bank of Australia (RBA) left the Official Cash Rate (OCR) unchanged at 4.35% following the conclusion of its December policy meeting.
The decision was broadly in line with the market expectations.
The RBA made no changes to its policy settings for the ninth consecutive meeting. The central bank hiked the benchmark rate by 25 basis points (bps) in November 2023.(Cay) Newsamaker23
Source: Fxstreet
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