Why the RBA has gone soft on interest rate hikes | The Business | ABC News

00:00 - Intro
03:58 - Interview on Bank of Japan raising interest rates
08:57 - Effects for countries that trade with Japan
The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since May 2022. Subscribe: ab.co/1svxLVE Read more here: www.abc.net.au/news/2024-03-1...
The cash rate remains at 4.35 per cent, and while the central bank gave no clear indication of where it was headed next, saying it was "not ruling anything in or out", many economists are predicting the RBA will start cutting interest rates in the second half of this year as inflation continues to moderate.
Some have pushed out their forecasts for rate cuts to November.
It comes as the Bank of Japan opts for its first hike in 17 years, representing a major shift away from its policy of negative interest rates.
Ray Attrill, head of FX strategy at NAB, explains what's going on.
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