RBA Signals Possible Pause After Raising Cash Rate to 4.35% as Iran-Related Inflation Risk Looms
The Reserve Bank of Australia raised its cash rate to 4.35% at its May 5 meeting with an 8-1 vote, marking a third consecutive 25 basis-point rise. Minutes released afterward show the board believes the decision leaves financial conditions likely somewhat restrictive and provides time to evaluate the inflationary effects of the Iran conflict on fue…