RBA board leaves interest rates on hold at 4.1 per cent after April meeting

Interest rates remain on hold, with the Reserve Bank board not delivering back-to-back cuts after its February move. After a two-day meeting, the RBA board has announced that it has kept the cash rate target unchanged at 4.1 per cent. At its last meeting in mid-February, it delivered a 0.25 of a percentage point cut — the first downward move in the cash rate since November 2020. The post-meeting statement reiterated that “sustainably returning inflation to target is the priority”. “The continued decline in underlying inflation is welcome, but there are nevertheless risks on both sides and the board is…