The RBA maintained its cash rate at 4.35% but delivered unexpectedly hawkish guidance regarding future policy direction ... The RBA’s policy statement contained several notable elements ... How does RBA policy affect the Australian dollar?.
The Governor’s remarks immediately sparked intense analysis among economists, who interpreted her language as signaling increased data dependence and potential flexibility in the RBA’s approach to monetary policy tightening.
The AustralianDollar (AUD) has catapulted to its highest valuation in three years, a dramatic surge directly fueled by the Reserve Bank of Australia’s (RBA) decisive shift toward a more aggressive, hawkish monetary policy stance.
Australia’s trimmed mean inflation remains stubbornly above the RBA’s target band, while New Zealand’s headline inflation has returned within the RBNZ’s target range faster than anticipated.
RBA deputy governor Andrew Hauser says central banks should not criticise normal government spending choices, but he wonders if Australia's economy is more inflation-prone because it is so finely balanced ... .
RBAInflationAnalysis... Firstly, headline inflation currently sits at 4.2%, significantly above the RBA’s target band of 2-3% ... The RBA has maintained its cash rate at 4.35% since November 2023 ... RBA officials confront difficult decisions ahead.
... once and share those results with multiple RBA member customers through integration with RBA-Online - the RBA's data management system - eliminating duplicate requests and reducing supplier burden.
Our COTW takes a deeper look at the greater levels of engagement in the labour market. Women appeared to be more active with an uptick in participation ....
ANZ-Roy MorganAustralian Consumer Confidence fell 3.6 points in the week the RBA raised the cash rate to 3.85 per cent. Participants were interviewed during the week to Sunday, so not all participants answered the survey after the RBA decision.
RBA governor Michele Bullock has refused to blame the Albanese government for rising inflation, as a political fight breaks out in the wake of the bank's rate hike ... .