Speech by Michele Bullock, RBAGovernor:
- Economic Conditions in Post-Pandemic Australia with a Regional Lens
On Tuesday we got the latest decision from the RBA (on hold) and a press conference from Bullock. She, and the Board, are perceived as hawkish. Its doubtful there will be another rate hike, but a cut appears a long way off. Market pricing indicates December.
- RBA leaves cash rate unchanged at 4.35%, as expected
- RBA governor Bullock: Inflation progress has been slow for a year now
- RBA governor Bullock: A rate cut is not on the agenda in the near-term
- The response to the RBA meeting yesterday is a 25bp rate cut priced for December 2024
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Market swings on headlines shows “how on edge everyone is around tariffs”
It was a wild last few minutes of the New York FX...
USD/CAD spiked near a 5-year high as Trump said Canada and Mexico tariffs coming Saturday
Trump sent FX (and other) markets into a spin late on Thursday...
ECB Lagarde predicts no European Union country will add Bitcoin to its monetary reserves.
Lagarde spoke on Thursday, following the European Central Bank rate cut (read...
Forexlive Americas FX news wrap 30Jan:ECB cuts rates by 25 bp.Trump tariffs on Canada/Mex.
Trump says China is going to end up paying a tariff as...
Leave a comment