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RBA holds steady but may have some surprise moves to come

The Reserve Bank of Australia (RBA) surprised literally nobody by keeping rates on hold at its June meeting, with commentators unanimous in their expectations the Board would sit tight in the face of stubbornly high inflation.

Gymnastic performs on balancing beam in stadium
The RBA's delicate balancing act continues as it weighs up how to keep inflation in check and the economy on track. (Image source: Shutterstock.com)

The RBA continues to perform its balancing act of trying to contain inflation without causing an economic hard landing.

Given all 38 commentators in a Finder survey tipped a rate hold, the decision to retain the official cash rate at 4.35 per cent at its Tuesday (18 June) meeting comes as no surprise.

The RBA did, however, say it won’t tolerate high inflation indefinitely.

The recent falls in the inflation rate reversed last month, when it inc…

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