Australia’s central bank faces communication challenges, causing uncertainty for investors. In May, rates were cut to 3.85%, surprising many. A recent split decision to hold rates steady left investors with losses. The bank’s new communication strategy leaves markets guessing. With an upcoming meeting on August 12, investors are unsure of the board’s next move. The board’s composition adds to the uncertainty, with little insight into members’ views. The RBA could be outvoted on rates, adding risk for investors. The bank’s new approach differs from other central banks, leading to unpredictable outcomes.
Read more at Yahoo Finance: Analysis-RBA’s new policy board comes with added unpredictability