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 ...
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...
Reserve Bank of Australia: If the committee deems policy not "sufficiently restrictive", it may need to raise interest rates.