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Australia’s Reserve Bank (RBA) is set to overhaul its research approach to enhance policymaking, Deputy Governor Andrew Hauser announced. This follows the bank’s unexpected decision to keep interest rates unchanged, surprising markets and analysts.
- RBA Deputy Governor Andrew Hauser announced a revamp of the bank’s research strategy to improve policymaking.
- The decision follows the RBA’s unexpected hold on interest rates, defying market expectations.
- The research refresh aims to enhance the central bank’s ability to navigate economic uncertainties.
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