RBA holds rates, former BOJ board member signals potential hike

The Reserve Bank of Australia (RBA) minutes confirmed the board unanimously held rates at 4.35% in August, deeming policy restrictive enough for now while acknowledging upside inflation risks and a readiness to hike if necessary. Separately, former Bank of Japan (BOJ) board member Seiji Adachi told Bloomberg that the BOJ is likely to hike rates next month and potentially again as early as January, cautioning that a hold could reignite market concerns.