said luci ellis, chief economist at westpac, who switched her forecast for the first rate cut from february to may. financial markets are currently pricing in over 70% chance of a cut in april. ellis added "the rba have shown a digging in of the heels" on ...
Australia's central bank has held its policy steady for a year, judging the current cash rate of 4.35% - up from the 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2-3% while preserving employment gains. Headline inflation ...
The Reserve Bank of Australia’s (RBA) governor Michele Bullock said today (November 28) that economic activity was stronger than expected, despite tighter monetary policy. “We have been surprised by a little bit on the strength of activity recently,” Bullock sad. Services infl...
The rate decision was expected to be a non-event for the markets. Coronavirus optimism, upbeat economic data propel AUD/JPY higher. AUD/JPY is extending gains following the Reserve Bank of Australia's (RBA) decision to keep key policy tools unchanged. The central bank mainta...
AT, let's start with the big news. The Fed has begun the easing cycle with a pretty big 50 basis point cut straight out of the gates. What's the rationale behind their decision and what are some of the implications for investors?
The RBA has held rates steady for a year, judging the current cash rate of 4.35% - up from the 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2-3% while preserving employment gains. The peak rate of 4.35% is lower ...
Chalmers said he was now prepared to move all six current external members of the RBA board to the new rate-setting board unless they request not to, after negotiations with Shadow Treasurer Angus Taylor. Chalmers said he would also amend a proposal to remove the ...