RBA wait and see
NAB Morning Call
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The RBA's Decision to Move More Slowly
If there was a meeting where the RBA would kind of return to its April instinct to move more slowly, this was it. It comes ahead of the forecast update in August. They get the full second quarter CPI on the 26th of July ahead of that August meeting as well. And so I think, you know, we can read this decision in the context of the RBA at this stage of the cycle. But this doesn't necessarily mean that they think they're at the peak.
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