The Reserve Bank of Australia left rates unchanged at the July meeting in line with the OIS market pricing the probability of a rate hike at ~34%. Poll expectations were for a 25bps hike. The cash rate at 4.10% is the highest level since May 2012. It is the first time since March-April last year that the RBA has left the cash rate unchanged at two consecutive meetings. The RBA said inflation in Australia is declining but is still too … Continue reading RBA Holds Rates at Ten Year High 4.10%, For Second Straight Meeting