RBA's Hold Decision Sparks Market Discussion

This chapter examines the Reserve Bank of Australia's unexpected decision to maintain the cash rate at 3.85%, surprising both economists and markets who anticipated a cut. It delves into the dynamics of the RBA Board's deliberations, a contentious split vote, and the implications for future monetary policy amidst ongoing uncertainties. Additionally, the chapter touches on Macquarie's evolving audit strategy and its potential impact on corporate governance in the face of market challenges.