Category: RBA
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Australia’s Cooling Inflation Opens Door to RBA Rate Cuts
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Bread path links PMN Business Australia’s basic inflation has reduced more than expected in the last three months of 2024, and opened the door to reduce the rate of benefits as soon as you send the currency next month. The author of the article: Bloomberg News Swati Bandy It was…
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Australia Inflation May Decide RBA Rate Cut and Election Timing
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Links to the movement of mobility BMN Business Australian quarterly inflation data this week may be decisive whether the reserve bank will finally start in a cash dilution course soon, and thus helps in determining the timing of the elections scheduled by May 17. Article author: Bloomberg News Swati Bandy…
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Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
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Data from the Australian Bureau of Statistics (ABS) showed consumer price increases slowing from 1.0% to 0.2% in the third quarter of 2024 versus market expectations for a reading of 0.3%. On an annual basis, The CPI for the third quarter fell from 3.8% to 2.8%, above the middle of…
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Australia’s Elevated Inflation Backs Tight RBA Policy Stance
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Breadcrumb links BMN Business Core inflation in Australia remained high in the latest quarter, reinforcing the Reserve Bank’s view that price pressures will take time to dissipate and that monetary policy should remain restrained for the time being. Article writer: Bloomberg News Swati Pandey Posted on October 29, 2024 •…
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AUD: CBA maintains base case December RBA 25bp rate cut – see firmer disinflationary pulse
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Detailed note from the Commonwealth Bank of Australia on what they expect from the Reserve Bank of Australia. In summary: Our base scenario sees the RBA begin to normalize the cash rate by the end of 2024 (we forecast in December the first 25 basis point rate cut) A stronger…
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RBA says around 2% of owner occupiers in real danger of defaulting
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Reserve Bank of Australia Financial Stability Review, September 2024. Headlines via Reuters: The Australian financial system is resilient and risks are limited. Risks include pressures on China’s financial sector and the lack of a significant response from Beijing. Lower global risk premiums and higher leverage would increase the risk of…
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Economic calendar Asia Thursday, September 26: Bank of Japan meeting minutes, RBA info too
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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yuan boosted by China stimulus cheer, Aussie rises before RBA By Investing.com
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Most Asian currencies rose on Tuesday as China’s yuan was supported by Beijing’s announcement of more stimulus measures, while the Australian dollar rose in anticipation of hawkish signals from the Reserve Bank. The weakness in the US dollar helped regional markets, as the greenback remained weak after the Federal Reserve…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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Heads up: RBA monetary policy decision set for the bottom of the hour
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Imagine if the Reserve Bank of Australia actually looked like this. Unfortunately, the famous signage area has been turned into a bus station and covered with scaffolding. Oh. Anyway, the RBA will announce its latest policy decisions later. But barring any major surprises, this won’t be a big deal. Inflation…
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Asia FX muted with more Fed cues on tap; Aussie rises before RBA By Investing.com
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Most Asian currencies moved in a narrow range on Monday, while the dollar steadied after recent losses as traders awaited a series of additional signals on the Federal Reserve and U.S. inflation. The Australian dollar was among the best performing currencies, rising ahead of a Reserve Bank of Australia meeting…
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Australian (populist swill) politicians are now actively moving to remove RBA independence
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The Australian Greens want to end the independence of the Reserve Bank of Australia. The Greens have said they will only support changes to the RBA if interest rates are cut. Australian Treasurer Chalmers is trying to create a new monetary policy board at the Reserve Bank of Australia, but…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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CBA shifts expected RBA rate cut timing to December 2024 (from November)
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The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…
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RBA Will Struggle With Jobs Goal If CPI Stays High, Bullock Says
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Breadcrumbs Path Links PMN Business The Reserve Bank of Australia will struggle to maintain low unemployment if inflation remains above its target “indefinitely”, Reserve Bank Governor Michelle Bullock said, warning households and businesses that interest rate relief is still a long way off. Article author: Bloomberg News Swati Pandey Published…
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Buy AUD/NZD on ligher positioning, hawkish RBA
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Investing.com – Foreign exchange traders should consider buying the Australian dollar against the New Zealand dollar, according to Bank of America Securities, citing diverging interest rate outlooks. At 07:45 ET (11:45 GMT), the pound was trading 0.1% lower at 1.0869, having fallen about 1% in the past week and about…
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Aussie surges on hawkish RBA, yen strengthens amid BOJ speculation By Investing.com
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Most Asian currencies rose on Thursday, with the Australian dollar making strong gains after Reserve Bank of Australia Governor Michelle Bullock said the bank would not hesitate to raise interest rates further to curb inflation. The Japanese yen also rose, steadying after falling in the previous session as data from…