India, June 16 -- The Reserve Bank of Australia left its benchmark interest rate unchanged on Tuesday as policymakers evaluate the effects of three consecutive rate hikes and the impact of oil supply disruption.
The policy board, governed by Michele Bullock, unanimously voted to hold the cash rate target at 4.35 percent.
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The bank had lifted the policy rate by 25 basis points each in February, March and May.
Policymakers expect inflation to remain high for some time as higher fuel prices added directly to inflation and also there are indications that this is passing through to the prices of other goods and services.
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