RBA breaks ranks, will hike again, as global central banks stay sidelined: RBC

Central banks seen holding steady (Reserve Bank of Australia excepted) as oil shock clouds inflation outlook. RBC expects global central banks to largely hold rates despite oil-driven inflation risks, with policymakers prioritising growth concerns, while the RBA remains an outlier with further tightening likely.Summary:RBC expects major central banks to hold rates despite oil-driven inflation risks Energy shock seen… RBC expects global central banks to largely hold rates despite oil-driven inflation risks, with policymakers prioritising growth concerns, while the RBA remains an outlier with further tightening l... RBC expects global central banks to largely hold rates despite oil-driven inflation risks, with policymakers prioritising growth concerns, while the RBA remains an outlier with further tightening likely. Summary: RBC expects major central banks to hold rates despite oil-driven inflation risks Energy shock seen as dampening growth, reducing urgency to hike Fed, BoC, ECB, and BoE all expected to stay on hold through 2026 RBA seen as the outlier, with… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.