RBA surprises and keeps rates on hold
The market had expected a rate cut today, with another two cuts by the end of the year.
The RBA is waiting for more confirmation that inflation is easing.
The Reserve Bank of Australia has voted to keep official interest rates on hold at 3.85%, which most economists had not expected.
In a 6:3 decision, the RBA board bucked market expectations with its call, judging that it “could wait for a little more information to confirm that inflation remains
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