Original article by Greg Brown, Matthew Cranston
The Australian – Page: 1 & 6 : 9-Jul-25

Treasurer Jim Chalmers says the Reserve Bank’s decision to leave the cash rate on hold is not the outcome that millions of Australians were hoping for and financial market had expect. Most economists had expected a rate cut on Tuesday, and financial markets had priced in a near-100 per cent chance. However, RBA governor Michele Bullock contends that traders were too focused on the monthly inflation data for June, which showed a headline rate of 2.1 per cent; she says the monthly figures are volatile and the RBA board is not yet convinced that inflation is that low in a "sustainable way". The RBA will instead wait for inflation data for the June quarter to be released at the end of this month. Six members of the monetary policy board voted to leave the cash rate at 3.85 per cent, while three favoured a rate cut.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY