Australia's cash rate target remains steady at 4.35 pct

SYDNEY, June 18 (Xinhua) -- The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35 percent after its monetary policy meeting concluded on Tuesday.

The RBA board said in a statement that inflation has fallen substantially since its peak in 2022, as higher interest rates have been taking effect, but the pace of decline has slowed in the most recent data.

According to data from t