WHAT WAS SAID ABOUT THE RATES DECISION:

“A pause in the rate rises provides some small relief to workers out there doing it tough. We are still very mindful, however, that workers have fallen way behind.” – ACTU secretary Sally McManus

“The government needs to pull every policy lever at its disposal to take pressure off inflation.” – Shadow treasurer Angus Taylor

“The government and RBA should urgently reach a new agreement on monetary policy that includes a clear commitment to full employment – that is, enough jobs for all who seek them.” – Australian Council of Social Service

“The RBA’s decision to keep rates on hold is welcome, but recent history shows there remains a risk that they will go up again soon … Labor needs to act to make sure the RBA does not raise rates again in the near term.” – Greens senator Nick McKim

“The upside risks to inflation cited last month are still present and we expect to see two more rate hikes in the coming months.” – Oxford Economics Australia’s Sean Langcake

“We think the RBA is now turning less hawkish and expect one final hike in August before the bank goes on hold.” – Barclays

“Key to the August move will be second quarter CPI figures.” – CommSec

Paul Osborne
(Australian Associated Press)