Reserve Bank of Australia Leaves Rates Unchanged at 4.35%, Leans Dovish

The Reserve Bank of Australia kept rates unchanged at 4.35% as widely expected by analysts after last month’s 25bps hike which was the RBA’s 13th cash rate hike since they began this hiking cycle in May of 2022. The cash rate at 4.35% is the highest level since May 2012. Of note was the more dovish tone and the nod towards data dependance; “Whether further tightening of monetary policy is required to ensure that inflation returns to target in a … Continue reading Reserve Bank of Australia Leaves Rates Unchanged at 4.35%, Leans Dovish