Will the RBA Alter Its Monetary Policy Trajectory Under the Incoming Governor?

<p>The Reserve Bank of Australia has maintained the official cash rate at 4.1% for the third consecutive month on September the 5th. However, it has indicated that there is a possibility of future rate hikes in order to effectively manage inflation. The cash rate remains at its highest level in over a decade, and the latest decision marks the fourth instance in which the RBA has halted its ongoing tightening cycle of rate increases since it all began in May 2022.</p>