刚刚宣布，不降息！

Core Viewpoint - The Reserve Bank of Australia (RBA) has decided to maintain the cash rate at 3.6%, aligning with market expectations, amid rising inflation and a recovering economy [2][6]. Monetary Policy Decision - The RBA's monetary policy committee unanimously agreed to keep the cash rate unchanged at 3.6%, citing a rebound in private demand and a tight labor market as reasons for this decision [3]. - Recent data indicates stronger economic growth and persistent inflation, suggesting that the economy's potential capacity is more limited than previously anticipated [3]. Economic Forecasts - Core inflation is expected to remain above the target range of 2% to 3% until mid-2026, with the labor market projected to remain stable [4]. - The RBA forecasts the overnight cash rate to remain at 3.6% until the end of 2025, decreasing to 3.4% by mid-2026, and further to 3.3% thereafter [3][4]. Employment and GDP Projections - The unemployment rate is anticipated to stabilize around 4.4% by the end of 2027, with employment growth slowing to 1.1% by mid-2026 [4]. - Projected annual GDP growth rates are 2.0% for December 2025, 1.9% for December 2026, and 2.0% for December 2027 [4]. Inflation Trends - Recent inflation data shows a significant increase, with the producer price index rising by 1% and consumer inflation by 1.3% in the third quarter, both exceeding expectations [7]. - The overall inflation rate in Australia surged to 3.2% year-on-year in the third quarter, up from 2.1% in the previous quarter [7]. Real Estate Market Insights - The Home Value Index in Australia rose by 1.1% in October, marking the strongest monthly increase since June 2023, with national and major city price indices reaching historical highs [9].