- Wednesday, 28 June 2017
- News
AUD/USD leaps to highs near 0.7620 on rate hike chatter
The AUD bulls gathered pace and extended the rebound well beyond 0.76 handle, in a bid to retest 6-day tops reached yesterday at 0.7624 levels. The latest move higher can be purely attributed to the renewed hopes of RBA tightening sooner (than later), especially after former RBA board member Edwards noted: “It seems to me that something like eight quarter percentage point tightenings over 2018 and 2019 are distinctly possible.” Read more...
- Tuesday, 06 June 2017
- News
RBA left interest rates unchanged
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
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- Tuesday, 02 May 2017
- News
RBA left interest rates unchanged
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In the following Statement the Bord stated that inflation picked up to above 2 per cent in the March quarter in line with the Bank’s expectations. In underlying terms, inflation is running at around 1¾ per cent, a little higher than last year. A gradual further increase in underlying inflation is expected as the economy strengthens.
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- Tuesday, 18 April 2017
- News
RBA expects rise in inflation to be more gradual
In it latest Meeting Minutes RBA noted that headline inflation was expected to pick up over 2017 to be above 2 per cent. However, the rise in underlying inflation was expected to be more gradual; wage growth and broader measures of labour cost pressures remained subdued and competition in the retail sector continued to be strong.
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