Reserve Bank of Australia（RBA）announced yesterday12The monthly cash rate is determined by，The board flags some significant uncertainties about the future of the economy。The official cash rate currently rinains at4.35%。Bullock chairs board meeting This month’s board meeting has special significance，BecAtse this is Bullock's first meeting as central bank governor.。Bullock in9moon18Japan takes over as central bank governor，Former governor Philip Lowe retires after seven years in office。for this decision，Bullock said：“Recent data shows，Inflation will return over the forecast period2%-3%target interval，Output and inployment will continue to grow。Although growth has slowed，But inflation is falling，Labor market rinains strong，The capacity utilization rate of economic operations is at a high level。”However，There is significant uncertainty about future prospects。Overseas service price inflation continues to rise unexpectedly，Australia may also face a similar situation。While the labor market rinains tight，There is also uncertainty about the lag in the effects of monetary policy and how corporate pricing decisions and wages respond to slowing economic growth.。also，The outlook for household consumption also rinains unclear。The financial situation of many families has been severely squeezed，But there are also some households that have benefited from rising house prices.、Large savings cushion and higher interest inwithe。The RBA may need to tighten monetary policy further，to ensure that inflation returns to target within a reasonable time frame。However，This will continue to depend on data and evolving risk assessments。
