RBA Seen in Wait-and-Watch Mode as Vote, Brexit Unrest Play Out

Updated on
  • Economists see no rate cut Tuesday, but forecast August easing
  • Business confidence may deteriorate on global turmoil: NAB

Australian national flags hang behind a podium on Federal Election Night in Sydney on July 2.

Photographer: Jeremy Piper/Bloomberg

Australia’s failure to make a decisive political choice coupled with ongoing Brexit fallout point to the central bank waiting a month to assess the implications before resuming interest-rate cuts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.