Lack of explicit forward guidance leaves analysts neutral after RBA hold
- Tuesday, 03 September 2013
The Reserve Bank of Australia (RBA)'s September 3 decision to leave cash rates unchanged at 2.5 per cent did not come as a surprise to economists. The accompanying statement was also unsurprising with most post-meeting discussion centring on the lack of explicit forward guidance. Some analysts say the RBA had little choice but to leave rates on hold, with global key event risk looming and a rate cut only last month.
