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. ...
The article highlights the views of Ken Raiss, director at Chan & Naylor, on linking cash and mortgage rates in Australia. Raiss argues that consumer confidence, the housing market, and the retail and construction sectors increase the benefits of cash and mortgage rate links. He also explains ...
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...
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...
RBA announcement (Tue): The RBA will decide on rates next week in what is widely viewed as a live meeting with swaps traders fully pricing in a 15bps increase for the Cash Rate Target to 0.25% from the current record low of 0.10%, while swap markets also suggested a 25% chance of ...