Rate 11-08-2023 4.35 % 06-06-2023 4.10 % 05-02-2023 3.85 % 03-07-2023 3.60 % 02-07-2023 3.35 % 12-06-2022 3.10 % 11-01-2022 2.85 % 10-04-2022 2.60 % 09-06-2022 2.35 % 08-02-2022 1.85 % Chart RBA Official cash rate ...
In Q1, consumer price inflation numbers were higher than forecasts, influencing sentiment toward the RBA rate path. The annual inflation rate eased from 4.1% to 3.6% in Q1 2024. A higher-for-longer RBA rate path could raise borrowing costs and reduce disposable income. Downward trends i...
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. ...
This CPI calculation methodology was proposed by the Reserve Bank of Australia. The RBA's governing council needs the most objective assessment of consumer inflation. In turn, it is consumer inflation that is considered one of the main factors in the RBA's interest rate change. ...
This CPI calculation methodology was proposed by the Reserve Bank of Australia. The RBA's governing council needs the most objective assessment of consumer inflation. In turn, it is consumer inflation that is considered one of the main factors in the RBA's interest rate change. ...
Investors, meanwhile, awaited the Reserve Bank of Australia’s rate decision on Tuesday and China’s April trade data on Thursday. ING said in a note last week that the RBA meeting was “worth watching closely,” adding that recent inflation data from Australia showed growth in prices was sta...
Importance: Release Date: Nov 05, 2024 Currency: AUD Country: Australia Source Of Report: Reserve Bank of Australia The Reserve Bank of Australia's (RBA) quarterly monetary policy statement provides valuable insight into the bank's perspective on economic conditions and inflation. Show more...
ANZ's preview of the data due today and the implications for the Reserve Bank of Australia policy meeting on August 1: • We expect both headline (+6.2% YoY) and trimmed mean inflation (+5.9% YoY) to have moderated in Q2. • The RBA will likely take comfort that inflation appears ...
RBA’s shock interest rate.. 03/05/2023 5:20 am/07:34 Sharethispodcast Clinton Maynard Luke speaks to Warren Hogan, Managing director of EQ Economics & economic adviser to Judo Bank, to discuss the RBA handing down its latest interest rate hike. ...
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...