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Central Bank Policy Review
Independent central bank policy reviews focused on reaction functions, inflation and labor-market dynamics, growth conditions, market expectations, and policy transition risk. Each review assesses how policy signals transmit through rates, FX, equities, credit, and volatility, while identifying the conditions that could shift the policy outlook.
The RBA held the cash rate at 4.35% in August 2026 while retaining an asymmetric policy stance. The Board considered a further hike and a hold, but not a cut. This review tests the inflation, labor, rates and AUD conditions that would signal a genuine transition toward a more symmetric reaction function.