RBA Tracker

Remaining cautious amid global uncertainty

The new RBA Monetary Policy Board left the cash rate unchanged at 4.10% as widely expected and issued a relatively short statement (key changes are highlighted below). Governor Bullock noted that a rate cut was not discussed today.

The overall tone of the Board’s statement could be interpreted as slightly more hawkish than expected, or just one riddled with uncertainty.

The key word used about the outlook continued to be ‘cautious’.

A key near-term uncertainty is, of course, the outlook for global trade policy. Some clarity on the size of so-called reciprocal tariffs imposed by the United States is due tomorrow.