The Reserve Bank of Australia announced on the 11th that it will keep the benchmark interest rate unchanged at 4.35%, in line with market expectations. This is another time that the Bank of Australia has kept interest rates unchanged, but it also warns that the risk of inflation still exists. The Bank of Australia issued a statement on the same day saying that the Monetary Policy Committee made the above decision unanimously. The statement pointed out that although the impact of the Middle East conflict on inflation has so far been lower than expected, Australia's overall inflation rate is still too high, and there is uncertainty about economic activity and inflation prospects. According to data from the Australian Bureau of Statistics, the year-on-year increase in the country's consumer price index fell from 4.0% in May this year to 3.8% in June, still higher than the target range of 2% to 3% set by the Bank of Australia. The Bank of Australia has held 5 monetary policy meetings since this year. It raised the benchmark interest rate by 25 basis points in February, March, and May, respectively, and kept interest rates unchanged in June. The next meeting of the Bank of Australia's Monetary Policy Committee will be held in September.

The Reserve Bank of Australia announced on the 11th that it will keep the benchmark interest rate unchanged at 4.35%, in line with market expectations. This is another time that the Bank of Australia has kept interest rates unchanged, but it also warns that the risk of inflation still exists. The Bank of Australia issued a statement on the same day saying that the Monetary Policy Committee made the above decision unanimously. The statement pointed out that although the impact of the Middle East conflict on inflation has so far been lower than expected, Australia's overall inflation rate is still too high, and there is uncertainty about economic activity and inflation prospects. According to data from the Australian Bureau of Statistics, the year-on-year increase in the country's consumer price index fell from 4.0% in May this year to 3.8% in June, still higher than the target range of 2% to 3% set by the Bank of Australia. The Bank of Australia has held 5 monetary policy meetings since this year. It raised the benchmark interest rate by 25 basis points in February, March, and May, respectively, and kept interest rates unchanged in June. The next meeting of the Bank of Australia's Monetary Policy Committee will be held in September.