The RBA Board went against market and (most) economist expectations and left the cash rate unchanged at 3.85% today.
Of the 9 Monetary Policy Board members, 3 did NOT vote for a hold (presumably voting for a cut). Our guess is that 2 of those dissenters were Iain Ross and Renée Fry-McKibbin. Did the new Treasury Secretary (Jenny Wilkinson) also dissent? Let the guessing games begin…
