Australia Central Bank Joins Canada In Hitting "Pause" On Rate Hikes

First it was the Bank of Canada which in January announced it would pause its rate hike campaign; then overnight the RBA became the second bank to join the bandwagon when it put its year-long hiking campaign on pause after leaving the cash rate unchanged at 3.6% at April’s Board meeting, marking the first pause since the RBA starting raising rates in May 2022.