Wednesday: A$ down after surprise RBA pause

The Australian dollar fell more than a cent or 1.6% to 66 USc overnight after the RBA paused its cash rate for a second month in a row, surprising markets and most economists, but not ANZ’s. In our deep dive interview, we talk with ANZ’s Group Chief Economist Richard Yetsenga about why an Australian recession is now unlikely. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/