Markets anticipate the Reserve Bank of Australia will maintain its cash rate unchanged at 4.35% in a hawkish hold.
The Reserve Bank of Australia is set to announce its decision today, with expectations leaning toward a hold at 4.35%. Analysts describe the potential move as a hawkish hold, signaling no immediate plans for rate cuts despite global easing trends.
Prior to this decision, the RBA had maintained a steady rate since its last adjustment in late 2025. Market consensus aligns with the view that inflation remains a concern, warranting a cautious approach. Japanese markets are closed today for a holiday, reducing regional trading activity.
US stock markets are poised to open mostly unchanged, with attention shifting to Meta following its open model release. The US July employment trends index rose to 107.71 from 106.74 in June, adding to the mixed economic backdrop.