As central banks across the northern hemisphere adopt a more dovish stance following Brexit, down under in Australia, the Reserve Bank of Australia doesn’t seem to be too concerned about the political and financial instability that has rocked global markets during the past two weeks.
Indeed, it seems as if it’s business as usual for the RBA. When the bank’s monetary policy committee met earlier in the week, they decided to leave interest rates at 1.75% after announcing a rate cut of 0.25% back in May.
5 Reasons Australia Is In For Big Trouble
The RBA also provided no strong indication thatbut it would look to cut interest rates at its next meeting in August.
However, Capital Economics believes that the RBA will...
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