The Reserve Bank of Australia has kept the cash rate on hold at 4.35% at its meeting today. This continues a pause for the seventh consecutive RBA board meeting. The decision – predicted by all four major banks – means the cash rate has remained steady since November 2023. Investment bank analysts echoed these predictions, with Morgan Stanley, Citigroup and UBS all expecting the rate to remain on-hold. The ASX200 has bounced back and was even trading up around 0.75% before paring gains back to a third of a percent at lunchtime. Despite Wall Street’s S&P 500 losing 3% overnight, the Australian …
