RBA recap - more alert to upside inflation risks, less confident inflation is moderating ...Middle East

The Reserve Bank of Australia left the cash rate unchanged yesterday, as widely expected:RBA leaves cash rate unchanged at 4.35%, as expectedRBA's Bullock: We did not consider the case for a rate cut todayRBA's Bullock: We need a lot to go our way to bring inflation back to rangeVia Westpac, a recap, in brief from a much longer report:The RBA is more alert and less confident in its inflation fight. the RBA Board left the cash rate on hold after only considering a rate hike or staying the course. That is, a rate cut was not discussed. What’s more, the tone of the statement and rhetoric from the RBA Governor Michele Bullock suggested a step up in concerns around upside inflation risks, despite

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