INSIGHTS: RBA Missing the Race

"As global economies pivot to lower interest rates, Australia’s Reserve Bank remains one of the few central banks holding steady at 4.35%, now for eight consecutive meetings. With inflation easing but still above target, RBA Governor Michelle Bullock has taken a cautious "wait and see" approach, emphasising that lowering rates too soon could stall progress. Global shifts—like a slowdown in oil demand and a strong Australian dollar—could ease inflationary pressure, but for now, Australia seems to be holding back in the race to the bottom on rates, standing apart as other nations move toward cuts.

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