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RBA on Hold, Mission Accomplished?
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Quick update from Peter Esho about today's RBA decision to leave rates on hold.
Key topics explored in this video include: * Peter's perspective on the RBA's decision to maintain interest rates, highlighting a shift towards a balanced bias and its divergence from the strategies of other global central banks. * Esho's evaluation of recent inflation trends, specifically focusing on the trimmed mean measure, and how the RBA is reacting to these shifts. * An analysis of recent retail sales data and its implications for Australia's economic outlook and potential impact on RBA's future decisions. * Peter's expert commentary on the current state of the Australian housing market amidst the ongoing pandemic, touching on property prices, supply and demand dynamics, and likely future trajectories. * Possible outcomes for the Australian dollar in the global economic context and why, in Esho's view, Australia maintains its appeal.
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