Relative Return Insider: Does the RBA's unexpected hold signal a new direction?

In this week's episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford take a look at the Reserve Bank's expectation-defying interest rate hold and whether the move is the start of a fundamental change in the central bank's approach. The surprising move left many economists and home owners, as well as Treasurer Jim Chalmers, disappointed and has been described as a significant shift in the RBA's communication strategy, with RBA governor Michele Bullock explaining the decision was influenced by ongoing concerns about inflation and increasing global uncertainties. Tune in to hear: How economists are recalibrating expectations, with some believing this marks a "new RBA" with limited forward guidance. Whether the bank's inflation concerns are in line with earlier talks of larger rate cuts. How US President Donald Trump's new tariffs on copper and pharmaceuticals are adding to global market volatility and uncertainty.