RBA commentary ‘more balanced out this time,' strategist says

Shane Oliver discusses the Reserve Bank of Australia’s decision to keep interest rates on hold #

Shane Oliver, head of investment strategy and chief economist at AMP, recently shared his insights on the Reserve Bank of Australia’s decision to keep interest rates unchanged. Oliver stated that the central bank’s decision was expected, given the ongoing uncertainty surrounding the global economy. He highlighted factors such as low inflation, weak wage growth, and a sluggish housing market as reasons for the cautious approach. Oliver also emphasized that the Reserve Bank is likely to keep rates steady in the near future unless there are significant changes in economic conditions.