RBA holds at 3.85% while traders bet on August cuts - here's why
Key Points
- RBA keeps rates steady at 3.85%, surprising investors who an...
The Reserve Bank of Australia just pulled a classic central bank move on July 8th: they did absolutely nothing. While keeping rates steady at 3.85%, they managed to surprise investors who had their calculators out, expecting a cut based on inflation finally behaving itself in that sweet 2-3% target zone.
When "Wait and See" Becomes an Art Form
The RBA's meeting minutes read like a masterclass in diplomatic fence-sitting. They acknowledged that markets are relatively calm because everyone's stopped panicking about extreme US tariff scenarios. Yet in the same breath, they're eyeing geopoli...
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