Analyst: The Reserve Bank of Australia seems to be avoiding the unpopular prospect of raising interest rates

Jinshi data, August 6th news, analysts said that the Australian Reserve Bank seems almost certain to keep the official cash Intrerest Rate at 4.35% unchanged at the subsequent policy meeting, the reason is that the CPI data for the second quarter of last week lacked triggers, and concerns about the recession in the US economy have intensified concerns in the global financial markets. For Central Bank Governor Blok, this will enable the Australian Reserve Bank to avoid a further unpopular Intrerest Rate hike. However, considering that inflation is still too high and the likelihood of inflation remaining above the target for a longer period of time is still significant, the Australian Reserve Bank is unlikely to indicate that the situation has become clear.