AU RBA Press Conference
It's the primary method the RBA uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility;
- History
| Expected Impact / Date | Description |
|---|---|
| Sep 24, 2024 | |
| Aug 6, 2024 | |
| Jun 18, 2024 | |
| May 7, 2024 | |
| Mar 19, 2024 | |
| Feb 5, 2024 | |
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- AU RBA Press Conference News
From @PiQSuite|Sep 24, 2024post:
RBA GOV BULLOCK: **BOARD DID DISCUSS WHETHER TO CHANGE POLICY MESSAGING **MESSAGE IS THAT BOARD DOES NOT SEE RATE CUTS IN NEAR TERM
From @PiQSuite|Aug 6, 2024|1 commentpost:
RBA GOV BULLOCK: **PROGRESS ON INFLATION HAS BEEN SLOW FOR A YEAR NOW **NEED TO STAY ON COURSE WITH INFLATION **BOARD DISCUSSED MARKET VOLATILITY, WILL BE KEEPING AN EYE ON THIS **INTEREST RATES MIGHT NEED TO STAY HIGH FOR LONGER **ALSO RISKS ON THE DOWNSIDE, HIGH… post: RBA GOV BULLOCK: NEAR-TERM CUT IN RATES DOES NOT ALIGN WITH BOARD'S THINKING post: 
RBA'S GOV. BULLOCK: IF CPI IS NOT TRACKING WITH FORECASTS, WE WILL RAISE RATES. post: RBA GOV BULLOCK: **MARKET PRICING OF CUTS FOR NEXT SIX MONTHS DOES NOT ALIGN WITH THE BOARD **TELLING MARKETS THEY A BIT AHEAD OF THEMSELVES **DO NOT SEE A RECESSION AHEAD post: RBA GOV BULLOCK: BUT PEOPLE UNDERSTAND THAT WE ARE FOCUSSED ON CORE INFLATION
From livewiremarkets.com|Jun 18, 2024A quick glance at the data the RBA eyes most closely suggests the soft landing is still in sight. The unemployment rate is at 4% and the Australian economy is still creating jobs. The most recent monthly inflation indicator reading was 3.6%, labour productivity is not improving, and the cost of hiring (through wage inflation) is continuing to moderate. And while the headline figure is not 2-3%, the disinflation trend is (for the moment) intact. But on the flip side, the central bank may find that it has a big growth problem. Q1 GDP ...
From @PiQSuite|Jun 18, 2024|4 commentspost:
RBA GOV BULLOCK: **NEED A LOT TO GO OUR WAY TO BRING INFLATION BACK TO RANGE **BOARD DISCUSSED WHETHER TO HIKE RATES AT THE MEETING **BOARD DECIDED TO STAY THE COURSE ON POLICY **TRYING TO BRING DEMAND DOWN WHILE REMAINING ON NARROW PATH **BOARD WANTED TO MAKE POINT THAT… post: RBA GOV BULLOCK: **BOARD DID NOT CONSIDER THE CASE FOR A RATE CUT AT THIS MEETING **WOULD NOT SAY THAT THE CASE FOR A RATE HIKE IS INCREASING **VERY CONCIOUS THAT HIGH RATES HURTING SOME SECTOR OF COUNTRY post: RBA GOV BULLOCK: INFLATION ALSO HURTING PEOPLE, SO BOARD LASER FOCUSED ON BRINGING IT DOWN
From livewiremarkets.com|Jun 17, 2024The vast majority of economists aren’t expecting any surprises at tomorrow's June Reserve Bank of Australia (RBA) meeting. The RBA is expected to keep its official cash rate (OCR) on hold at 4.35%. However, the language of their statement and of RBA governor Michelle Bullock in her post-meeting press conference will be far more interesting for both markets and mortgage holders. Most economists expect the RBA to maintain its default rhetoric of “vigilance against inflation risks”. But it’s their new cryptic (and my personal confuse ...
- From business.nab.com.au|May 8, 2024
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 ...
From @financialjuice|May 7, 2024post: RBA'S GOV. BULLOCK: WE BELIEVE RATES ARE AT THE RIGHT LEVEL TO GET INFLATION BACK TO TARGET. post: RBA'S GOV. BULLOCK: DATA ARE PROVING BUMPY, WE ARE TAKING A LONGER VIEW.
From news.com.au|May 6, 2024Household 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 ...
| Released on Sep 24, 2024 |
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| Released on Aug 6, 2024 |
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| Released on Jun 18, 2024 |
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| Released on May 7, 2024 |
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- Details