Australia's policy interest rate is 3.85%, expected at 3.6%, previous value 3.85%.
The Australian dollar continues to rise as the Reserve Bank of Australia unexpectedly keeps the interest rate unchanged

The Reserve Bank of Australia remains steady, keeping the policy interest rate at 3.85%

- The Reserve Bank of Australia unexpectedly maintained the benchmark interest rate at 3.85% on July 8, contrary to market expectations of a reduction to 3.6%.  
- This decision reflects the bank's cautious stance amid mixed economic data, with inflation slowing and consumer confidence remaining low, while government spending remains strong.  
- Additionally, the global divergence in central bank policies is highlighted, with the U.S. Federal Reserve holding rates steady, while other central banks have opted for easing measures.

No interest rate cut! The Reserve Bank of Australia unexpectedly holds steady