The relief many Australians felt when the Reserve Bank left its key interest rate unchanged might turn out to be fleeting unless a lot goes right with the economy in coming months.
Analysts were equivocal. The RBA’s rare inaction – only the second board meeting in 14 that it didn’t hike its cash rate – was variously a “hawkish pause” or a “coin-toss decision” (though not a stumping, perhaps fortuitously).
