India, April 1 -- The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties.
The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent.
In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
The interest rate paid on Exchange Settlement balances was also retained at 4 percent today.
"The Board's assessment is that monetary policy remains restrictive," the bank said.
"The continued decline in underlying inflation is welcome, but there are nevertheless risks on both sides and the Board is cautious about the outlook," the bank added.
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