Selangor FA says Faisal Halim needs further ops as acid attack left footballer with fourth-degree burns, speech and movement affected
Wrapping up its two-day May policy meeting, the Reserve Bank of Australia kept rates at a 12-year high of 4.35 per cent. The Australian dollar slipped 0.4 per cent to US$0.6600, while three-year bond futures YTTc1 rallied 7 ticks to 96.05 and markets trimmed bets of another hike this year with an implied probability of 32 per cent for September from 43 per cent before.“Recent data indicate that, while inflation is easing, it is doing so more slowly than previously expected and it remains high,” said the RBA in a statement, adding that it would remain vigilant to upside risks.
The RBA dropped its explicit tightening bias in March and did not consider a hike as the economy slowed to a crawl and inflation looked to be on track to ease to its 2-3 per cent target band in late 2025.However, the bank’s latest forecasts show inflation is expected to pick up to 3.8 per cent and stay there until the end of the year. It hit 3.6 per cent in the first quarter.
Source: Loan Digest (loandigest.net)
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