Australia's central bank held its cash rate target steady at 3.85 per cent on Tuesday, citing broadly aligned economic conditions and signs that inflation remains on a downward trajectory. The Reserve Bank of Australia (RBA) said inflation has eased significantly since its 2022 peak, aided by tighter monetary policy that has helped rebalance supply and demand. In the March quarter, headline inflation — partially dampened by temporary cost-of-living relief — stood at the midpoint of the target range, while trimmed mean inflation registered 2.9 per cent. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
