"Interesting": ... almost everyone expected a cut today. Instead - on hold.

Watch as the share market plummets.   :o

https://i.imgur.com/QJ2jmlt.jpeg

The right decision.

If anyone needs further confirmation of the idiocy within the Australian financial media circus masquerading as knowledge, whilst actually being infected with increasing numbers of lower IQ uni graduates, just look at some of the questions and juvenile hyperbolic story attempts made during Micheles' press conference.

It's still to me fundamentally astounding that even reporters purportedly representing the Fin Review for example cannot grasp how inflation drives the inability for her to get into the housing market.

Every single item an Ausiie purchases in their existence affects their ability to make repayments on a home loan. Every single item required for building affects cost of building etc etc.
Despite what should be such basic concepts, all this dimwit could put together was that the RBA didn't lower the interest rates this month, therefore she can't afford a house. OMG, Like Ya Know!!@.
DEI productivity action in motion.

This sort of crap permeates the entire media click-bait narrative and further confirms the stupidity of insisting on media circuses like that for the RBA.

As for the market "players" whinging they didn't know what was coming.... BWAHAHA.
Seriously does no-one in Australia actually have any concept of historical interest rate averages in this country?

The sad thing is that it is as if the RBA wants to see more unemployment before they will act. How grotesque.  :(

Non Accelerating Rate of Unemployment.

RBA wants 4% unemployment, keep wage rates under control.