Australia's central bank held interest rates steady on Tuesday, as expected, and reiterated that policy would need to stay restrictive until it was certain core inflation was slowing as desired.

The Reserve Bank of Australia left official interest rates on hold, chalking up a full year without fundamentally changing its policy stance while also not ruling out a further interest-rate increase.

A pedestrian passes the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row,

Australia's central bank held interest rates steady on Tuesday as expected, reiterating policy would need to stay restrictive until it was certain core inflation was slowing as desired. Wrapping up its November policy meeting,

Sky News Business Reporter Edward Boyd has revealed despite predictions for a rate cut in early 2025 other banks believe the drop could be “even later”.