The Reserve Bank of Australia maintains its cash rate at 4.35%.

@FirstSquawk Annnnd by "maintain" you mean hiked 25bps lol, great wording.

@FirstSquawk Piss poor wording. Maintained implies no change. Increased its cash rate by 0.25% to 4.35% is correct.

@FirstSquawk Rates should never have been lowered below 4.35%.....it did nothing more than increase house prices by 20%.....it wasn't needed...

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@FirstSquawk I think a second squawk is in order to correct the wording of the first.

@FirstSquawk 5% by year-end

@FirstSquawk They raised rates 0.25% lol 😂 not maintained rates

@FirstSquawk RBA holding at 4.35% while US rates stay sticky above 5% is a widening carry gap. Aussie dollar gets cheaper to borrow against, which fuels yen unwinds and commodity-currency volatility. Not great for AUD/JPY hedges or regional equity flows.

@FirstSquawk They raised you muppets

@FirstSquawk Hiked you mean

@FirstSquawk 🧐🧐

@FirstSquawk Bait.

@FirstSquawk They hiked, not maintained

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@FirstSquawk You're wrong.

@FirstSquawk Raised you mean..

@FirstSquawk Lifts