Analysts expect the RBA to hold its official cash rate steady at 4.35%, with no expectations for a dovish pivot. While inflation for the fourth quarter of 2023 cooled to a two-year low of 4.1%, it still remained well above the RBA’s 2-3% target range, bolstering bets for a hold. ...
In Australia, a similar delay means the Reserve Bank of Australia (RBA) is now not expected to lower the 4.35% overnight cash rate until November 2024. “Markets currently price the RBA cash rate to be unchanged at the next meeting on 7 May, with a 60% chance of a cut...
Michele Bullock has been Governor Lowe's deputy since April 2022 and a short time before the RBA began raising its cash rate but is promoted with more than 40 years of experience at the bank after joining as an analyst in 1985. "The government has made a first rate choic...
"Australian employment is due a weak result following two very strong months of expansion. A weaker than expected result this month can see AUD/USD head towards downside support at 0.6595," says Clifton. The market is expecting a reading of 25K for April. The data comes after the R...
That kept market reaction muted. Investors slightly pared the chance of a rate cut from the Reserve Bank of Australia this December and next February to just 24% and 44%. Markets still see April next year as the most likely timing for the first easing. ...
aMoreover, during November 2011 to December 2011, there was expansionary monetary policy by reducing the interest rate from 4.75 per cent to 4.25 per cent. In addition, the RBA has not doing really effective during December 2011 until April 2012. There was no change in cash rate in this pe...