Inflation is expected to decline to be in the target range of 2–3 per cent in 2025 and to reach the midpoint in 2026. Services inflation remains high and is expected to decline only gradually as demand for services moderates and growth in labour and non-labour costs eases. The outlook i...
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. “While a dovish pivot is unlikely at this meeting, we expect changes in tone to address further traction from high...
RBA maintained its observation that "inflation remains above target and is proving persistent", reiterating that "the Board expects that it will be some time yet before inflation is sustainably in the target range." Money market anticipates approximately 50 bps of easing by December 2025, with ...
indicating that the central bank is not in a hurry to ease monetary policy despite a slowdown in inflation. The RBA remains cautious, projecting inflation to stay above its 2-3% target range until the end of 2025. This suggests that interest rates may remain steady for a...
Economists forecast the annual inflation rate to rise from 3.6% to 3.8% in May, moving further from the target range of 2-3%. RBA Governor Michele Bullock advised the markets that RBA Board members discussed the merits of a rate hike in June. The rate hike discussions highlighted a willin...
This decision comes after the Board held interest rates steady last month to further assess the state of the economy and the outlook. Inflation in Australia has passed its peak but remains high at 7%, and it is expected to take a couple of years before it returns to the target range of ...
The RBA has held its policy steady since November, judging the current cash rate of 4.35% - up from 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2-3% while preserving employment gains.
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The RBA noted that policymakers had gained more confidence that inflation would reach its target. For months, policymakers have maintained a hawkish tone, emphasizing the need for restrictive policy. However, during the meeting, there was no mention of a restrictive policy. ...
image More of the same from the RBA may drag on AUD/USD as the board pledges to “not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range,” and it remains to be seen if the central bank will ... (full story)...