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. ...
Inflation has since moderated over the first half of 2023 but remained far above the 2.5% target when the monthly indicator for May was announced last month, while the reserve bank has raised its cash rate to 4.1% since the second quarter of last year, from its pandemic pe...
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CBA's Australian economics team note that there are signs that private sector wages growth is plateauing, "supporting the view that the RBA cash rate has peaked at 3.85%". But analysts at Westpac see further wage pressures in the pipeline and that the peak is yet to come, a view...
uncertainties and to adjust policy if needed. In this respect, the MPC opted for a 25 bps hike to 3.35%. Members also agreedthat further increases in the interest rate are needed over the months ahead.Contrary to December, the Board didn’t retain the option of k...
The early impetus in US yields is firmer, with gains being led by the back end of the curve. The 10yr up +3bps to 4.31%. This is close to YTD highs and comes after cash trading was closed on Monday for the US Presidents holiday. ...
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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...
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