AU Cash Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
The rate decision is usually priced into the market, so it tends to be overshadowed by the RBA Rate Statement, which is focused on the future;
- AU Cash Rate Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 18, 2024 | 4.35% | 4.35% | 4.35% |
May 7, 2024 | 4.35% | 4.35% | 4.35% |
Mar 18, 2024 | 4.35% | 4.35% | 4.35% |
Feb 5, 2024 | 4.35% | 4.35% | 4.35% |
Dec 4, 2023 | 4.35% | 4.35% | 4.35% |
Nov 6, 2023 | 4.35% | 4.35% | 4.10% |
Oct 2, 2023 | 4.10% | 4.10% | 4.10% |
Sep 5, 2023 | 4.10% | 4.10% | 4.10% |
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- AU Cash Rate News
- From abc.net.au|Jun 20, 2024
After 13 interest rate hikes that sent home loan repayments soaring, we still have an inflation problem. Actually, make that 17. The Reserve Bank may have lifted rates on 13 separate occasions but a few of those were double-whammy hikes at twice the normal 0.25 percentage point increases. In any other universe, that should have sent the economy into a tailspin, put vast numbers of workers on the dole, crashed the property market and batted price rises back into zombie territory. True, the economy is only barely managing to stay ...
- From rba.gov.au|Jun 18, 2024|1 comment
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving persistent. Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. But the pace of decline has slowed in the most recent data, with inflation still some way above the midpoint of the 2–3 per cent ...
- From bnnbloomberg.ca|Jun 18, 2024
Asian stocks rose, following a rally in several large US tech shares that drove Wall Street to another record high. All major Asia benchmarks climbed, led by Japan, Australia and South Korea. The S&P 500 has now set 30 all-time highs this year, defying concern about narrow breadth that may make the market more vulnerable to surprises. Asia chip stocks were among the bigggest contributors to gains in the MSCI Asia Pacific index. Shares of Tesla China suppliers advanced after news the electric-car maker had gained approval to test its ...
- From livewiremarkets.com|Jun 17, 2024
The vast majority of economists aren’t expecting any surprises at tomorrow's June Reserve Bank of Australia (RBA) meeting. The RBA is expected to keep its official cash rate (OCR) on hold at 4.35%. However, the language of their statement and of RBA governor Michelle Bullock in her post-meeting press conference will be far more interesting for both markets and mortgage holders. Most economists expect the RBA to maintain its default rhetoric of “vigilance against inflation risks”. But it’s their new cryptic (and my personal confuse ...
- From bnnbloomberg.ca|Jun 16, 2024
Australia’s central bank will likely hold its key interest rate at a 12-year high on Tuesday as it tries to restrain consumer prices that have been underpinned by an ultra-tight employment market. The Reserve Bank will keep the cash rate at 4.35% for a fifth straight meeting, economists surveyed by Bloomberg predicted. The decision will be released at 2:30 p.m. in Sydney, followed an hour later by Governor Michele Bullock’s press conference. Australia’s policy meeting follows a highly-anticipated decision by the Federal Reserve last ...
- From youtube.com/markets|Jun 11, 2024
Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From marketindex.com.au|May 29, 2024
Slap! A sound that reverberated across the nation at exactly 11:30am EST Wednesday. It was the sound of palms meeting foreheads at the Reserve Bank of Australia. The ensuing headache for RBA officials will likely be ongoing, as they grapple with the conundrum of what to do about very sticky Aussie inflation. For the uninitiated, our RBA has a few main things it’s been tasked to do by the Australian Government. Perhaps the best-known is its inflation target range of 2-3% p.a. Despite the hysterical headlines you’ll see splashed across ...
- From livewiremarkets.com|Jun 12, 2024
A simple policy rule points to a slow and shallow easing cycle in the US, gradual rate cuts in the euro area, and risks around the RBA's conscious decision to raise rates by less than other countries in order to lock in the employment gains of the past few years. CCI uses a version of the Taylor rule to assess the risks around central bank forecasts for the policy interest rate in the US, euro area, and Australia. A Taylor rule estimates policy rates based on central bank forecasts for underlying inflation and inflation relative to ...
Released on Jun 18, 2024 |
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