RBA Leaves Cash Rate at 4.35pc, Keeps Tightening Bias

The Australian Financial Review2024-02-06

The number: The Reserve Bank of Australia left the cash rate on hold at 4.35 per cent, but downgraded its own forecasts for inflation and growth, while upgrading its jobless rate projection.What was ...

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JimmyChua
2024-02-06
JimmyChua
Drop please

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They also released quarterly economic forecasts.What has changed: Inflation slowed faster than expected in the December quarter, prompting traders to bet that the first interest rate cut will happen by August of this year. ","collect":0,"end_time":0,"defaultTopTitle":"afr.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数"},"translate_title":"澳大利亚央行将现金利率维持在4.35%，保持紧缩倾向","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":1.1,"XJO.AU":1.1,"XKO.AU":1.1},"content_text":"The number: The Reserve Bank of Australia left the cash rate on hold at 4.35 per cent, but downgraded its own forecasts for inflation and growth, while upgrading its jobless rate projection.What was said: The RBA has maintained its tightening bias, saying “further increase in interest rates cannot be ruled out”, according to the statement.Why it matters: It is the central bank’s first policy meeting this year under the new format of a two-day board meeting and media conference and the release of economic forecasts.What has changed: Inflation slowed faster than expected in the December quarter, prompting traders to bet that the first interest rate cut will happen by September of this year. 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