AU Cash Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
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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Dec 9, 2024 | 4.35% | 4.35% | 4.35% |
Nov 4, 2024 | 4.35% | 4.35% | 4.35% |
Sep 24, 2024 | 4.35% | 4.35% | 4.35% |
Aug 6, 2024 | 4.35% | 4.35% | 4.35% |
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% |
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- AU Cash Rate News
- From think.ing.com|Feb 11, 2025
The market is pricing in the first 25bp rate cut from the Reserve Bank of Australia (RBA) next week on 18 February. While this is in line with our view and we place a 60% probability to it, we think the decision to cut or pause will be a close one – and it’s therefore not a done deal. Key to our thinking is that the wage pressures have eased more than expected and household consumption growth has been weaker than expected, which should give the RBA more comfort to ease. However, the unemployment rate is still below the central bank’s ...
- From rba.gov.au|Dec 9, 2024|5 comments
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 has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. Measures of underlying inflation are around 3½ per cent, which is still some way from the 2.5 per cent midpoint of the inflation target. The most recent forecasts published in the November ...
- From rba.gov.au|Nov 4, 2024
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 has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year to the June quarter. This was as expected due to declines in fuel and ...
- From xm.com|Nov 3, 2024
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 ...
- From xm.com|Nov 1, 2024
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 ...
- From bnnbloomberg.ca|Oct 16, 2024|1 comment
Australia’s powerful stretch of hiring extended into September and the unemployment rate held steady, prompting a rise in the currency as traders scaled back bets on the Reserve Bank’s first interest-rate cut. Employment rose 64,100 — driven by full-time jobs — versus a forecast 25,000 gain, Australian Bureau of Statistics data showed Thursday. The jobless rate was unchanged at a downwardly revised 4.1%. The Australian dollar rose as much as 0.4% to 66.91 US cents and the yield on policy-sensitive three-year government bonds jumped ...
- From theconversation.com|Oct 4, 2024
The International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls. A report after IMF staff visited Australia, issued on Thursday, says the economy is resilient but faces challenges, including significant risks from abroad. “Growth has slowed; while inflation is retreating from its peak, it remains elevated as demand-supply imbalances persist particularly in sectors like rents, new dwellings and insurance,” the report says. A ...
- From forexlive.com|Sep 27, 2024|2 comments
A snippet from UBS on Pacific Rim central banks: Fed’s easing cycle is just getting started, UBS see another 50 bp of cuts this year and 100 in 2025. Bank of Japan to raise short term rates by 25 basis points by the middle of 2025. See the most aggressive easing moves from the Reserve Bank of New Zealand, 200 basis points of cuts by September 2025. Reserve Bank of Australia is likely to wait until Q1/Q2 before starting its easing cycle, expect 75 basis points of easing by September 2025. AUD is UBS' 'most preferred', it'll benefit ...
Upcoming release on Feb 17, 2025 |
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Released on Dec 9, 2024 |
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Released on Nov 4, 2024 |
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