RBA Holds Rates at 4.35%, Keeps Door Open for Further Hikes
đŠ The Reserve Bank of Australia kept the cash rate unchanged at 4.35% for a second consecutive meeting, with the decision unanimous. The outcome was broadly in line with market expectations.
đ The RBA said inflation remains too high and maintained the possibility of further rate hikes if upside risks materialize. Inflation is not expected to return to the midpoint of the 2â3% target range until late 2027 or early 2028.
đ The economy is slowing as consumption weakens, the labor market gradually eases, and housing prices decline in some major cities. However, energy prices and Middle East tensions remain potential inflation risks.
đ± The AUD showed a limited reaction, holding around 0.705â0.707. Markets will now focus on inflation data and oil prices for clues on the RBAâs next move.
#RBA $RBA.US $RBB.US $RBC.US
đŠ The Reserve Bank of Australia kept the cash rate unchanged at 4.35% for a second consecutive meeting, with the decision unanimous. The outcome was broadly in line with market expectations.
đ The RBA said inflation remains too high and maintained the possibility of further rate hikes if upside risks materialize. Inflation is not expected to return to the midpoint of the 2â3% target range until late 2027 or early 2028.
đ The economy is slowing as consumption weakens, the labor market gradually eases, and housing prices decline in some major cities. However, energy prices and Middle East tensions remain potential inflation risks.
đ± The AUD showed a limited reaction, holding around 0.705â0.707. Markets will now focus on inflation data and oil prices for clues on the RBAâs next move.
#RBA $RBA.US $RBB.US $RBC.US