Heads up: RBA monetary policy decision at the bottom of the hour

The article is a pre-decision preview of the Reserve Bank of Australia’s August policy meeting. Markets are pricing about a 97% chance the RBA leaves the cash rate unchanged at 4.35%, with attention focused on the statement for any hawkish language, dissent, or changes to forward guidance. The softer July inflation data reduced pressure for an immediate hike, but traders will scrutinize whether the board signals it remains willing to tighten further if needed. The event is likely to drive volatility in the Australian dollar and rate-sensitive assets, especially if the RBA sounds more hawkish than expected or if the decision is not unanimous.