RBA on hold as expected, recognising the data has broken against its hawkish narrative. Base case clearly an extended period on hold, but RBA will hike if upside risks to inflation materialise. As widely expected, the RBA Monetary Policy Board (MPB) kept the cash rate on hold at 4.35% at its August meeting. The accompanying […]The post RBA Holds at 4.35%, Narrows Risk of Hikes appeared first on ActionForex.