AU RBA Monetary Policy Statement

The Reserve Bank of Australia has been on pause since moving rates from 4.10% to 4.35% in November 2023. Recent CPI data has shown that the ‘Inflation Beast’ may not have been defeated and talk of any rate cuts this calendar year may have been premature. Tapas Strickland, Head of Market Economics, James Sheehan, Head of Markets NSW/ACT, and Dan Farrell, State Director NSW, discuss the recent RBA meeting and the interest rate outlook, inflation, geopolitical risks, how our economy is performing, and how NAB Markets support commercial ...

Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for clues on the path ahead for interest rates. On Tuesday, the central bank is widely anticipated to keep the cash rate steady at a 12-year high of 4.35 per cent, continuing its holding pattern as it awaits further evidence that its efforts to tame inflation, currently at 3.6 per cent, are easing as intended. Prior to the decision, markets ascribed just a 10 ...

Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market. All-but-one of the economists surveyed by Bloomberg expect the Reserve Bank will hold the cash rate at 4.35% for a fourth straight meeting on Tuesday, while reinstating a hawkish bias to acknowledge sticky consumer prices. The decision will come at 2:30 p.m. in Sydney, together with updated economic forecasts. Governor Michele ...

video Mortgage holders can expect interest rates to remain on hold when the Reserve Bank of Australia finishes its inaugural two-day meeting later today. The bank began its meeting yesterday and a decision on the cash rate, which has been at 4.35 per cent since November, will be announced later today. Experts are predicting the RBA will keep rates steady, with an interest rate cut not likely until August Under another change aimed to raise transparency, Governor Michele Bullock will explain the decision at a media conference.  ...

After a volatile week of central bank meetings and top tier economic data, the risk calendar looks relatively light in comparison. The pushback of early rate cuts by policymakers continued last week, but interest rates still traded lower. Pressure on US regional banks was a factor and one area to watch going forward, while markets are still convinced that rates will come lower through the year, so the trend is strong. Indeed, one investment bank has switched the “higher for longer” interest rate moniker to “later and faster”, as ...