AU RBA Rate Statement
It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions;
Until Dec 2007 the statement was only issued when the cash rate was changed;
- History
| Expected Impact / Date | Description |
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| Dec 9, 2024 | |
| Nov 4, 2024 | |
| Sep 24, 2024 | |
| Aug 6, 2024 | |
| Jun 18, 2024 | |
| May 7, 2024 | |
| Mar 18, 2024 | |
| Feb 5, 2024 | |
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- AU RBA Rate Statement News
From rba.gov.au|Dec 9, 2024|5 commentsAt 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 3˝ 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, 2024At 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, 2024The 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, 2024video 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 rba.gov.au|Sep 24, 2024|1 commentAt 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 the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. But inflation is still some way above the midpoint of the 2–3 per cent target range. In underlying terms, as represented by the ...
From scotiabank.com|Sep 23, 2024This should be a lighter week but with several key developments still ahead. Several central banks are poised to make decisions including Banxico, the SNB, the RBA, and Riksbank or offer guidance including officials from the PBOC, Bank of Canada and Federal Reserve. Key data will include the start of tracking Eurozone CPI, another US core PCE update, and Canadian GDP. There is no special topic considered in this week’s edition due to other demands including travel. Canada's Economy - How far off is the BOC? Canada’s economy will be a ...
From xm.com|Sep 20, 2024The Swiss National Bank (SNB) will be the final major central bank to announce its policy decision in September. Like the Fed, there is a substantial degree of uncertainty around the size of the cut. Investors have priced in around a 60% probability of a 25-basis-point rate reduction, with the remaining odds being for a 50-bps move. Expectations for a larger cut have gained ground since the beginning of August when the Swiss franc spiked higher against the US dollar and euro. SNB chief Thomas Jordan, who will chair his last meeting ...
- From rba.gov.au|Aug 6, 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 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 inflation is still some way above the midpoint of the 2–3 per cent target range. In underlying terms, as represented by the ...
| Released on Dec 9, 2024 |
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| Released on Nov 4, 2024 |
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| Released on Sep 24, 2024 |
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| Released on Aug 6, 2024 |
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