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<ul class="wp-block-list news-points">
 <li>The Reserve Bank of Australia has kept the interest rates unchanged at 4.35% despite recet market turmoil.</li>
 <li>The RBA has decided to stay vigilant before making key decisions to fight the inflation.</li>
 <li>Analysts anticipate the US Federal Reserve will cut interest rates as the crypto market bled.</li>
</ul>
In a surprising turn in the financial landscape, the Reserve Bank of Australia (RBA) has held the <a href="https://www.theguardian.com/australia-news/article/2024/aug/06/australia-interest-rates-announcement-today-rba" target="_blank" rel="noopener noreferrer nofollow">interest rates unchanged</a> at 4.35%. The central bank’s move follows the recent crypto market turmoil driven by the stock market crash.
Last day, the crypto market <a href="https://coinedition.com/crypto-crash-ethereum-plunges-as-us-japan-stocks-slide/" rel="noopener noreferrer nofollow">experienced </a>its worst crisis in many months, with top cryptocurrencies declining to multi-month lows. Bitcoin dipped to the $50k level, while Ether, Solana, XRP, and other major tokens also showed drastic declines of more than 10% in just one day. Notably, the unexpected crypto market fall was triggered by the severe crash of the Japanese and US stock markets.
Apart from the crypto market crash worldwide, Australia has been struggling with the increase in the inflation rate. According to the Australian Bureau of Statistics, the consumer price index <a href="https://www.theguardian.com/business/article/2024/jul/31/inflation-rises-to-38-amid-hopes-the-rba-will-hold-off-hiking-interest-rates-again" target="_blank" rel="noopener noreferrer nofollow">surged </a>to 3.8% in the June quarter, which aligned with the economis…
The post <a href="https://coinedition.com/the-rba-keeps-interest-rates-unchanged-at-4-35-despite-market-turmoil/" rel="noopener noreferrer nofollow">The RBA Keeps Interest Rates Unchanged at 4.35% Despite Market Turmoil</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

The RBA Keeps Interest Rates Unchanged at 4.35% Despite Market Turmoil

Coin Edition

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