Saturday , 22 February 2025
Home Forex Australia’s largest fund manager expects RBA hold today, cut in May
Forex

Australia’s largest fund manager expects RBA hold today, cut in May

The Reserve Bank of Australia policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024.

  • 0330 GMT / 2230 US Eastern time on Monday
  • Reserve Bank of Australia Governor Bullock will hold her press conference an hour later

I posted a preview yesterday:

And this morning:

According to the Bloomberg survey of analysts the Bank is expected to leave its cash rate on hold at 4.35%. That is the unanimous expectation of analysts.

From Shane Oliver, head of Investment Strategy & Chief Economist at Australia’s AMP:

  • forecasts a rate cut in May
  • “However, with inflation trending down and weaker than expected growth we think the RBA should cut earlier and there is still a high chance of a February cut”
  • Our Australian Inflation Indicator still points down for inflation.

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Bitcoin or Ethereum?

Bitcoin or Ethereum: Which Crypto is the Better Investment in 2025?The Crypto...

German election preview: History will be made on Sunday, what to watch for

On Sunday, German voters go to the polls in a high-contested election....

FX Weekly Recap: February 17 – 21, 2025

The majors were all about trade tensions and central banks’ moves this...

Global Market Weekly Recap: February 17 – 21, 2025

Geopolitical developments continued to be a driving force in the markets, initially...