RBA Board Pauses in July, to Take More Time to Assess the Outlook

<p>The Board has paused but the reasons we have given to support our call for a hike in July remain. Target terminal rate still 4.6% with 25bp hikes expected in both August and September. The Reserve Bank Board held the cash rate steady at 4.1% at its July meeting. The reason was: “to provide some […]</p>
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