TD Securities Expects RBA to Hold Rates at 4.35%

TD Securities strategists expect the Reserve Bank of Australia (RBA) to keep the cash rate at 4.35% at its upcoming meeting. The analysts note that current policy settings are already restrictive and that the Australian economy, particularly the housing market, is slowing in response to previous rate hikes.

The anticipated pause suggests the RBA is comfortable assessing the lagged impact of tightening. A steady rate could keep the Australian dollar in a holding pattern near-term as markets await further data.