Significantly, the government forecasts for inflation suggested the need for a less hawkish RBA rate path. The government forecasts inflation returning to the 2-3% range by the end of 2024, not 2025. However, the government had less optimistic forecasts for the Australian economy. The B...
30 Oct 2024 00:30 GMTLow0.9%1.0% 0.8% Last releaseImportanceActualForecast Previous 29 Jan 2025 00:30 GMT290.9% 0.9% Next releaseDaysActualForecast Previous Overview Chart History Widget Reserve Bank of Australia (RBA) Weighted Median Consumer Price Index (CPI) q/q reflects the change in price...
Short-Term Forecast Near-term AUD/USD trends will hinge on the US Personal Income and Expenditures Report. Better-than-expected numbers could reduce further investor expectations of a September Fed rate cut. However, Australian producer prices will influence investor sentiment toward the RBA ...
30 Oct 2024 00:30 GMTMedium3.8%4.4% 4.2% Last releaseImportanceActualForecast Previous 29 Jan 2025 00:30 GMT323.8% 3.8% Next releaseDaysActualForecast Previous Overview Chart History Widget Reserve Bank of Australia (RBA) Weighted Median Consumer Price Index (CPI) y/y reflects the change in pr...
However, the analysts said Australia’s inflation data was better than they had expected, and compared to the US, the country’s economy had slowed more with the labor market softening substantially. As such, they forecast no change to the RBA’s rate of 4.35%. ...
RBA Stock 12 Month Forecast All Analysts Top Analysts Average Price Target $104.90 ▲(9.10% Upside) Past 12 Months12 Month ForecastMar2024Dec2024 High $113.00 Average $104.90 Low $97.50 Detailed Analyst Forecast > Technical Analysis 1 Day 3 Days 1 Week 1 Month Overall Consensus...
The AUD/USD outlook shows weakness in the Australian dollar due to a surge in Reserve Bank of Australia rate cut expectations.
“Our new CPI forecasts make a rate hike in August a 'close call', and we could be early (i.e. wrong) to change our view, if Q2 CPI is below our forecast. However, we see enough evidence to change our base case view. Hence, we now expect the RBA to hike the ca...
Patrick Durkin
Michele Bullock has been Governor Lowe's deputy since April 2022 and a short time before the RBA began raising its cash rate but is promoted with more than 40 years of experience at the bank after joining as an analyst in 1985. "The government has made a first rate choic...