Kathmandu. The central bank of Australia Reserve Bank of Australia’ (RBA) has decided to keep interest rates stable. The bank has taken this step in view of the risk that inflation (inflation) will remain high for some time due to the disruption of global oil supply. 

The two-day meeting of the Monetary Policy Board ( MPC) of the RBI has unanimously decided to keep the cash rate target unchanged at 4.35.This decision is in line with the predictions of economists. 

According to the latest data from the Australian Bureau of Statistics (ABS), Australia’s annual inflation rate fell from 4.6 per cent in March to 4.2 per cent in April.Despite the slowdown in inflation, rising fuel prices have put a direct pressure on overall inflation, the bank said has added a direct pressure to overall inflation. 

“There are indicators } reflecting rising fuel prices, which may keep inflation high for some time,” the bank said in a statement.’

The bank said that the committee is aware that inflation should not remain stable in the market even after the impact of the increase in oil prices is removed and the aim is to keep it under control.According to the data, the measure of } inflation, which the R BA prefers to mean, increased from 3.3 per cent in March to 3.4 per cent in April. This is the highest point since September 2024.