RBA Hold at 4.35% Highlights Growth Slowdown – SocGen

Societe Generale’s Stephen Spratt commented on the Reserve Bank of Australia’s decision to hold the cash rate at 4.35%, as widely expected. He described the accompanying statement as largely a mark-to-market update, reflecting recent economic data without signalling a directional shift in policy.

The economist highlighted that the hold decision underscores an ongoing growth slowdown in the Australian economy. The RBA’s cautious stance suggests it is waiting for clearer signs on inflation and labour market trends before considering any policy adjustment.