RBA Retains Hawkish Bias in Rate Hold, Says BNY

Dow Jones
08/11

0518 GMT - The RBA left the cash rate unchanged in a unanimous decision, striking a careful balance in its policy message. It judged rates to be "somewhat restrictive" but stressed headline inflation remains too high and is likely to stay elevated until late 2027, with risks still tilted to the upside, says Wee Khoon Chong, macro strategist at BNY. The RBA retained a hawkish bias, reiterating its willingness to raise rates further if upside inflation risks materialize, he adds.

 

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