Urgent.. The Reserve Bank of Australia issues the interest rate decision for November.

The Reserve Bank of Australia decided on Tuesday, November 5, to maintain the main borrowing interest rate at 4.35% for the eighth consecutive meeting, in line with widely held expectations.

The decision to keep the interest rate unchanged comes despite the bank changing its inflation forecasts and the Governor warning that inflationary pressures remain persistent. However, the recent inflation figures released in Australia exceeded expectations last month, which led the Reserve Bank of Australia to keep the interest rate steady at this meeting and postpone the start of a easing cycle.

Short-term interest rates are considered one of the most important factors in evaluating the Australian dollar, as traders look to most other indicators only to predict how prices will change in the future. An interest rate hike is often positive for the currency, and the opposite is true as well.