AU RBA Monetary Policy Statement

The Reserve Bank of Australia is expected to hold rates at 4.35% on Tuesday according to all 30 economists in the latest Reuters poll, so the focus will be on any shift in its restrictive policy stance. The Australian economy remains resilient, and while CPI did fall to 2.8% in Q3, within the RBA's 2%-3% target band for the first time since 2021, core inflation remains elevated. The jobless rate has remained between 4.0% and 4.2% since April, despite migration rising rapidly, with the employment participation rate at an all-time high ...

video The US dollar flexed its muscles lately on the back of upbeat data suggesting that there is no need for the Fed to deliver another bold 50bps rate cut at the remaining gatherings of the year, but also due to increasing market bets that Donald Trump will return to the White House. The day when US citizens will decide whether this will be the case or not has come. While some Americans have already casted their vote, the official election day is on Tuesday, with candidates Donald Trump and Kamala Harris battling neck and neck ...

Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for clues on the path ahead for interest rates. On Tuesday, the central bank is widely anticipated to keep the cash rate steady at a 12-year high of 4.35 per cent, continuing its holding pattern as it awaits further evidence that its efforts to tame inflation, currently at 3.6 per cent, are easing as intended. Prior to the decision, markets ascribed just a 10 ...

video Mortgage holders can expect interest rates to remain on hold when the Reserve Bank of Australia finishes its inaugural two-day meeting later today. The bank began its meeting yesterday and a decision on the cash rate, which has been at 4.35 per cent since November, will be announced later today. Experts are predicting the RBA will keep rates steady, with an interest rate cut not likely until August Under another change aimed to raise transparency, Governor Michele Bullock will explain the decision at a media conference.  ...

After a volatile week of central bank meetings and top tier economic data, the risk calendar looks relatively light in comparison. The pushback of early rate cuts by policymakers continued last week, but interest rates still traded lower. Pressure on US regional banks was a factor and one area to watch going forward, while markets are still convinced that rates will come lower through the year, so the trend is strong. Indeed, one investment bank has switched the “higher for longer” interest rate moniker to “later and faster”, as ...