The Reserve Bank is keeping its finger on the pulse of inflation and economic momentum, even as it holds steady on rates — with some board members pushing for a preemptive hike if global tensions or AI-driven growth push prices higher. While inflation cooled faster than expected and jobs are cooling, the bank’s hawkish tilt remains, watching for signs of overheating. Tight financial conditions and a slowing housing market add complexity to their balancing act. Next month’s July inflation data will be key before September’s meeting, but November could still hold the next rate move — especially if risks materialize. Meanwhile, personal insolvencies surged 13.1% in the June quarter, the biggest jump in six years, underscoring rising household stress amid monetary tightening.
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