The RBA will leave its cash rate unchanged at 4.35%, as expected

The Reserve Bank of Australia's December 2024 statement, in brief:

Core inflation remains too high.
The outlook remains uncertain.
The Board is getting some confidence that inflationary pressures are decreasing in line with these recent forecasts, but risks remain.
The Board will continue to rely on the data and cumulative assessment of risks to guide its decisions.
Although core inflation remains high, other recent data on economic activity has been mixed, but on a softer balance than expected in November.
There is still a high level of uncertainty about the outlook overseas.
Wage pressures have eased more than expected in the November SMP.
Taking account of recent data, the Board's assessment is that monetary policy remains limited and is working as intended.

The full text is here:

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The RBA left the cash rate unchanged today for the ninth meeting in a row, at a 13-year high. Today's Statement is a bit more hawkish than those of the past. A cut is in sight, but not close. In particular, the Bank has not repeated the words “not to regulate anything in or out”, which is a little less wordy than it was.

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Governor Bullock of the Reserve Bank of Australia will speak at 3.30pm Sydney time