Banks divided on RBA's next rate move after August hold
The Reserve Bank of Australia held rates at 4.35% in August, but major banks are split on whether the next move will be a hike or a cut.
AUDUSD
The RBA kept its cash rate unchanged at 4.35% for the month of August, with all board members voting in favor. The decision comes as economists are divided over the future path of rates. Some warn of upside inflation risks from energy prices, potentially necessitating further tightening, while others see economic weakness pointing to cuts later in the year.
Source: FXStreet Forex News