Urgent.. The Australian Reserve issues the interest rate decision for the month of December.

The Reserve Bank of Australia decided on Tuesday, December 10, to keep the main borrowing interest rate unchanged at 4.35% for the eighth consecutive meeting, in line with widespread expectations.

The decision by the Reserve Bank of Australia to keep the interest rate steady comes amid a change in the bank's inflation outlook, with the Governor warning that inflationary pressures remain persistent. However, recent inflation rates released in Australia showed a rise that exceeded expectations over the past month, prompting the Reserve Bank of Australia to maintain the interest rate at this meeting and delay the start of a rate-cutting cycle.

Short-term interest rates are considered one of the most important factors in evaluating the Australian dollar, as traders look at most other indicators only to forecast how prices will change in the future. Generally, raising interest rates is positive for the currency, and vice versa.