RBA Holds Rates, Not Worried About Brexit
As central banks across the northern hemisphere adopt a more dovish stance following Brexit, down under in Australia, the Reserve Bank of Australia doesn’t seem to be too concerned about the political and financial instability that has rocked global markets during the past two weeks.
Indeed, it seems as if it’s business as usual for the RBA. When the bank’s monetary policy committee met earlier in the week, they decided to leave interest rates at 1.75% after announcing a rate cut of 0.25% back in May.
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