In Pictures: RBA Announcement
The RBA board kept the cash rate on hold at 4.35 per cent on Tuesday.
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Iain Ross, an Adjunct Professor at the University of Sydney Business School and member of the Board’s Remuneration Committee, arrives at the Reserve Bank Board meeting in Sydney.
Louie Douvis
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Board member Elana Rubin heading to the meeting.
Louie Douvis
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Carol Schwartz, the chair of the Board’s Remuneration Committee.
Louie Douvis
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Ian Harper, a member of the Remuneration Committee, arrives for the meeting.
Louie Douvis
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Steven Kennedy, the secretary to the Australian Treasury, smiles at the press on his way into the meeting.
Louie Douvis
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Reserve Bank of Australia Governor Michele Bullock arrives at the press conference. The RBA upgraded its forecasts for wages growth from 4.1 per cent to 4.2 per cent by June 30, and from 3.7 per cent to 3.8 per cent by the end of the year.
Louie Douvis
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Michele Bullock delivers the RBA’s economic forecast and takes questions from the media.
Louie Douvis
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The RBA governor gestures during her press conference. The central bank expects inflation to accelerate, she said.
Louie Douvis
