The Reserve Bank of Australia will probably highlight the domestic economy’s underlying strength and escalating geopolitical risks when it announces Tuesday that interest rates will stay unchanged at a record low. Governor Philip Lowe will keep the cash rate at 0.1%, economists polled by Bloomberg predicted, even as employment and demand are strong. Lowe’s dovish stance is based on tepid wages growth and will be reinforced by Russia’s invasion of Ukraine, which propelled oil above $100 a barrel and prompted investors to reassess the pace of global tightening. “Our conviction in a June rate hike has fallen somewhat,” ... (full story)