RBA monetary policy meeting Tuesday September 6 – preview (TL;DR +50bp hike coming up)


The Reserve Bank of Australia monetary policy decision is due at 0430 GMT on September 6 2022.

Westpac have published a what to expect, this in brief:

  • We are confident that the Board will decide to raise the cash rate by a further 50 basis points to 2.35%.
  • Raising the cash rate by 50 basis points will move the cash rate into the “neutral zone”.

    In recent speeches (19 and 20 July) the Governor and Deputy Governor assessed “neutral” is at least 2.5%.

    Further ahead:

  • we expect the Board will decide to slow the pace of increases to 25 basis points from the October meeting.

    This second stage of the tightening process, with consecutive 25 basis point increments, is expected to extend out to February next year with the rate peaking at 3.35%.



Source link

Related articles

Evaluation of TW Swing Buying and selling MT4 – A Skilled Robotic for Gold – My Buying and selling – 10 July 2025

Complete Evaluation of TW Swing Buying and selling MT4 – A Skilled Robotic for Gold Within the risky gold market (XAUUSD), having...

Solana (SOL) Spikes to $160 — Will Bulls Energy Previous This Wall?

Aayush Jindal, a luminary on the planet of monetary markets, whose experience spans over 15 illustrious years within the realms of Foreign exchange and cryptocurrency buying and selling. Famend for his unparalleled proficiency...

The most effective Costco offers to compete with Prime Day: TVs, laptops, Apple gadgets, and extra

When is Amazon Prime Day 2025? This 12 months, Amazon Prime Day runs from July 8-11. It is the primary time that it is a four-day sale occasion, as a substitute of simply two...

PBOC units USD/ CNY mid-point immediately at 7.1510 (vs. estimate at 7.1757)

The Folks's Financial institution of China (PBOC), China's central financial institution, is liable for setting the day by day midpoint of the yuan (often known as renminbi or RMB). The PBOC follows a...

New Zealand Says Crypto ATM Ban Goals to Shut Cash Laundering Loophole

The New Zealand authorities has introduced it's banning crypto ATMs as a part of its efforts to boost anti-money laundering and counter-financing of terrorism measures. New Zealand Says It Is Concentrating on Criminals,...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com