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. "...
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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 kee...
"Continued policy rate increases can help lock in a disinflationary trend during 2023, even with ongoing growth and strong labor markets, by keeping inflation expectations low," he added. The comments come despite separate data releases this week showing that bothconsumerandproducerprices increased mo...