Australia's Reserve Bank kept interest rates at 4.35% for the ninth consecutive meeting, attributing the decision to easing inflation levels. While underlying inflation remains high, the bank signaled a cautious optimism about meeting its target by 2026. This shift has intensified discussions regarding potential rate cuts in early 2024. RBA Governor Michele Bullock emphasized the need for data-driven decisions in the future, while economic growth struggles continue to burden households. The RBA anticipates releasing further inflation data in January that could influence its policy direction.