Quick update from Peter Esho about today's RBA decision to leave rates on hold.

Key topics explored in this video include:

• Peter's perspective on the RBA's decision to maintain interest rates, highlighting a shift towards a balanced bias and its divergence from the strategies of other global central banks.
• Esho's evaluation of recent inflation trends, specifically focusing on the trimmed mean measure, and how the RBA is reacting to these shifts.
• An analysis of recent retail sales data and its implications for Australia's economic outlook and potential impact on RBA's future decisions.
• Peter's expert commentary on the current state of the Australian housing market amidst the ongoing pandemic, touching on property prices, supply and demand dynamics, and likely future trajectories.
• Possible outcomes for the Australian dollar in the global economic context and why, in Esho's view, Australia maintains its appeal.