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...
Australia’s central bankheld its benchmark policy rate at 4.35% in its December meeting, in line with expectations from economists polled by Reuters. In its release, the Reserve Bank of Australia explained that the “limited information” on the domestic economy that has come in since its Nove...
Minutes of the 7 February policy meeting by the Reserve Bank of Australia showed thatthe RBA considered both the option to raise the policy rate by 25 bps and by 50 bps.The arguments for a 50 bps increase stemmed from theconcern on incoming prices and wages data ...
RBA minutes next The RBA releases the minutes of its February policy meeting later on Tuesday (00:30 GMT). The minutes will provide details of a most interesting meeting, which disappointed investors as the AUD/USD headed lower after the meeting. There had been speculation that the central ban...
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The market is expecting a reading of 25K for April. The data comes after the RBA raised interest rates again in May, but the minutes for the May 02 meeting show the decision was finely balanced. Indeed,economists saythe minutes likely indicate the RBA is now ready to pause its hikin...
St. Louis Federal Reserve President James Bullard said Thursday that he pushed for a higher interest rate increase at the last meeting and could see a more aggressive move ahead. The policymaker said he advocated for a half percentage point rate increase at the Jan. 31-Feb. 1 Fed meeting an...