From kpmg.com: The RBA Board decided to maintain interest rates amidst uncertainties stemming from escalating trade tensions and persistent inflation challenges, with concerns about public sector spending and productivity growth.

Retail sales showed a slight increase of 0.2% in February, below market expectations, indicating cautious consumer spending despite a 3.6% annual growth in turnover.

KPMG projects that the trajectory for interest rate cuts may be delayed due to ongoing trade-related risks impacting inflation.