Australian Dollar: RBA keeps hike option open – Rabobank
Rabobank strategist Elwin de Groot reports that the Reserve Bank of Australia (RBA) left rates unchanged, with markets initially reading the statement as dovish.
Rabobank strategist Elwin de Groot stated that the Reserve Bank of Australia (RBA) maintained interest rates without any changes, but markets initially perceived the statement as indicating a dovish stance. Governor Bullock later clarified that the Board deliberated over maintaining rates or implementing a hike, and indicated that another increase is quite possible. The RBA expressed hope that past tightening measures would suffice, but RaboResearch remains skeptical and anticipates an additional rate hike later this year.
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