The Australian Reserve Bank presses the "pause button" on interest rate hikes for the first time this year, and asserts it will retain further tightening options.

According to Zhixiantong Financial APP, after three consecutive interest rate hikes started to put pressure on the economy, the Reserve Bank of Australia announced on Tuesday that it would maintain the key interest rate unchanged, hitting the "pause button" for the first time this year. This move is in line with market expectations, but the central bank also sent a clear signal: if inflation pressures are not effectively eased, monetary policy may still be tightened further in the future.