The policy statement released alongside the Reserve Bank of Australia’s decision to leave interest rates at 1.5% today provides no hint that another rate cut is around the corner. If the inflation data for the third quarter are very weak, the RBA’s hand may be forced in November. But it’s more likely that the next leg down in rates, to 1.0%, won’t come until next year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.