Tuesday: RBA set to pause as China slows
Jul 31, 2023•12 min
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Episode description
ANZ’s economists see the RBA pausing the cash rate again at 4.1% today. China’s services sector was slower than expected in July as consumers hoarded cash. The Bank of Japan finally tightened policy a bit without causing market ructions. Europe’s economy appears headed for a soft landing.
In our deep dive interview, we talk with ANZ’s Head of Australian Economics Adam Boyton about why the RBA can afford to hold and wait for more data, even though inflation is still 6%.
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