Reserve Bank leaves Australia’s official interest rate unchanged at 4.35%

RBA decision was in line with economists' forecasts as economy endures persistent inflationary pressures

The Reserve Bank has left its key interest rate unchanged for a seventh meeting as the central bank waits for clearer evidence inflation is in retreat before it begins cutting borrowing costs.

The RBA ended its latest two-day board meeting on Tuesday by keeping its cash rate at 4.35%, the level its remained since November. The decision was as economists had expected.