Australia's RBA defied expectations, holding interest rates steady

The Reserve Bank of Australia (RBA) surprised economists and mortgage holders by holding interest rates steady on Tuesday, defying predictions of a cut. This unexpected decision has sparked questions about the RBA's communication and clarity. Major banks and economists had widely anticipated a rate cut, making the RBA's decision a significant deviation from expectations. The episode of the Inside Politics podcast explores whether the RBA is intentionally misleading the public or struggling with its communication. The podcast also touches on broader issues, including Australia's relationship with the United States and the implications of potential US tariffs on Australian goods. The RBA's communication challenges are highlighted as a key concern.