Citi said it expects the Reserve Bank of Australia to hold its ground in February and cut interest rates for the first time in May. It is expected to cut interest rates by a total of 75 basis points this year. (Jin Ten)
The Reserve Bank of Australia will release its November monetary policy meeting notes in ten minutes.
The RBA meeting notes that interest rates may need to rise if the committee believes policy is not as restrictive as assumed.
Reserve Bank of Australia President Block: "The final stage of reducing inflation" is facing difficulties.
The Reserve Bank of Australia kept interest rates unchanged at 4.35% for the eighth consecutive meeting, in line with market expectations.
The Reserve Bank of Australia kept interest rates unchanged at 4.35% for the seventh consecutive meeting, in line with market expectations.
According to foreign media reports, the Reserve Bank of Australia is almost certain to keep interest rates unchanged at a 12-year high of 4.35% for the seventh time in a row at its meeting on Tuesday, as the flexibility of the labor market and the stickiness of inflation (if it is weakening) force the central bank to maintain a higher interest rate stance for a longer period of time. Employment rose sharply in Australia in August, while the unemployment rate remained stable, which is related to ...
Federal Reserve discount rate meeting notes show that the Chicago Fed and New York Fed directors support interest rate cuts.
Fed discount rate meeting notes: Chicago Fed and New York Fed directors support rate cuts.
The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday. ING expects the outcome of the meeting to be a very close decision, with markets divided over whether the bank will cut rates by 25 basis points or leave them unchanged. However, ING is inclined to think that with inflation concerns lingering, the Reserve Bank of New Zealand may still be inclined to wait for the Federal Reserve to take the lead and could cut rates by 50 basis points in October. Alternatively, ...
Dudley, the former chairperson of the New York Federal Reserve, said he himself turned from hawk to dove two weeks ago, abandoning support for further Fed rate hikes and instead advocating an immediate rate cut to avoid a recession. The longer the Fed waits, the more likely the potential damage will be after more evidence of a weakening US labour market and further moderation in inflation in the past two weeks. Fed members' estimates of the neutral rate range between 2.4% and 3.8%, which is...
The Reserve Bank of Australia kept interest rates unchanged at 4.35%, in line with market expectations. The Reserve Bank of Australia said demand exceeded the economy's supply capacity and exceeded expectations. Determined to return the consumer price index (CPI) to target levels, it needs to remain vigilant about upside risks to inflation. Inflation remains above target, indicating persistence. Core inflation remains too high and will take necessary measures to achieve the inflation target. In ...
Reserve Bank of Australia: If the committee deems policy not "sufficiently restrictive", it may need to raise interest rates.