Australia c.bank pauses rates for 4th month as Bullock's debut signals continuity

SYDNEY: Australia's central bank held interest rates steady on Tuesday for a fourth month and showed no urgency to hike again, although it repeated a warning that further tightening might be needed to bring inflation to heel in a "reasonable timeframe".

Wrapping up its October policy meeting, the first chaired by Governor Michele Bullock, the Reserve Bank of Australia (RBA) held rates at 4.10%, and said recent data were consistent with inflation returning to its 2-3% target over time with output and employment still growing.