RBA set for hawkish hold, trailing global peers in easing cycle

Australia’s policy decision follows a highly-anticipated meeting by the Federal Reserve last week, when chair Jerome Powell signalled that the US is on course to begin easing in September. The Bank of England also last week cut rates for the first time since early 2020 and signalled further reductions ahead. $AUD (LIST20039.AU)$ $S&P/ASX 200 OPIC (OXJO.AU)$