Australia’s central bank has decided to keep the cash rate on hold at 4.35% during its August meeting, maintaining a pause which has been in-play for the past six meetings. The decision – which was predicted by all four major banks – means the cash rate has remained steady since November 2023, when it moved up from a previous reading of 4.10. Investment bank analysts echoed these predictions, with Morgan Stanley, Citigroup and UBS all expecting the rate to remain on-hold in August, and two of these anticipated the RBA remaining hawkish on the pause until mid-2025, before cutting again. Morgan …