AU RBA Monetary Policy Statement

The Reserve Bank of Australia is expected to hold rates at 4.35% on Tuesday according to all 30 economists in the latest Reuters poll, so the focus will be on any shift in its restrictive policy stance. The Australian economy remains resilient, and while CPI did fall to 2.8% in Q3, within the RBA's 2%-3% target band for the first time since 2021, core inflation remains elevated. The jobless rate has remained between 4.0% and 4.2% since April, despite migration rising rapidly, with the employment participation rate at an all-time high ...

video The US dollar flexed its muscles lately on the back of upbeat data suggesting that there is no need for the Fed to deliver another bold 50bps rate cut at the remaining gatherings of the year, but also due to increasing market bets that Donald Trump will return to the White House. The day when US citizens will decide whether this will be the case or not has come. While some Americans have already casted their vote, the official election day is on Tuesday, with candidates Donald Trump and Kamala Harris battling neck and neck ...

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 ...