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Jul
Jul
RBA Pauses at 3.85% as It Waits on Inflation Data Before Cutting Rates
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News Editor / 58 minutes
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- 2 min read
The Reserve Bank of Australia (RBA) surprised markets on July 8 by keeping its official cash rate at 3.85%, the lowest since May 2023. The decision defied analysts’ expectations of a likely 25 basis point cut this month, marking the bank’s first hold since beginning its easing cycle in February. In its accompanying statement, the […]
