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Australia's central bank holds rates at 4.1%, sounds less hawkish

BY Reuters | ECONOMIC | 03/31/25 11:36 PM EDT

SYDNEY, April 1 (Reuters) - Australia's central bank on Tuesday left its cash rate steady as expected at 4.1% saying it was still cautious about the outlook, though it dropped an explicit reference to being cautious about cutting rates again.

Wrapping up a two-day policy meeting, the Reserve Bank of Australia (RBA) said policy was well placed to respond to international developments with U.S. tariffs expected to be a drag on global growth.

Markets had seen a scant chance of a further easing this week following a quarter-point cut in February, given policy makers had emphasised that they needed to be certain core inflation was under control before acting again. (Reporting by Wayne Cole; Editing by Christian Schmollinger)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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