RBA Urged to Defy Expectations And Keep Rates on Hold
Good morning, it's Amy here in Melbourne with your Friday newsletter.
Today's must-reads:
• Ex-RBA board member urges rate pause
• Our latest podcast on banks
• Rio Tinto's aluminum plans
Former Reserve Bank of Australia board member Warwick McKibbin thinks the central bank should keep interest rates unchanged next week. He spoke with my colleague Swati Pandey, citing fiscal stimulus and global uncertainty. Most economists and traders expect the RBA to cut its key rate to a two-year low of 3.85% on Tuesday.
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