RBA Surprises Millions by Holding Interest Rates at 3.85% 😲

Sky News host Caroline Marcus reacts to the RBA’s “shock decision” to keep interest rates on hold at 3.85 per cent, despite expectations there would be a further cut.

“The move has surprised even seasoned economists, who had tipped a third-quarter point cut, especially as inflation had stayed within the bank's target range,” Ms Marcus said.

“This is also an upset for Chalmers and Anthony Albanese, too, who, no doubt, would have been practising their Oscar-worthy acceptance speeches to claim glory for another interest rate cut as testament to their superior economic management.

“Obviously, Donald Trump's looming tariffs on countries around the world will play a role in the central bank's decision.”