Why the Reserve Bank of Australia should hold off on interest rate hikes in August？

There's a curious thing about openness, communication and transparency. The more people talk, the less we seem to know.

Take central banks. In the past decade, they've been forced to explain how and why they make decisions and even throw some light on how they view our economic future, so we can all understand exactly where they're taking us.

But amid all the noise emanating from central banks around the globe, have you noticed they've become expert at avoiding saying anything much at all?

That's because too much information can have the entirely opposite effect to what you're trying to achieve.

Earlier this year, US Federal Reserve boss Jerome Powell was letting out some optimistic hints about multiple rate cuts for 2024.

Unfortunately, everyone took notice and behaved accordingly, helping push inflation higher. Now, even though the Fed is likely to cut in September, he's being far more circumspect. $S&P/ASX 200 OPIC (OXJO.AU)$ $ASX Ltd (ASX.AU)$