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. ...
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 ...
“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 ...