Story perspectives
RBA Holds Rates Steady Amid Shifting Market Expectations
10/7/2025
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Story summary
- The Reserve Bank of Australia held the cash rate at 3.6%, citing slow inflation and data dependency for future decisions.
- Westpac adjusted rates independently, signaling tension between policy and banking strategy.
- Markets price 40% chance of a November cut, down from 76% two weeks ago.
- National Australia Bank (NAB) expects next cut in May 2026, others foresee early 2026.
