The Reserve Bank of Australia's policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024.
- 0330 GMT / 2230 US Eastern Time Monday
- Reserve Bank of Australia Governor Bullock will hold his press conference an hour later
I posted a preview yesterday:
And this morning:
According to a Bloomberg survey of analysts the Bank is expected to leave its cash rate on hold at 4.35%. That is the unanimous expectation from analysts.
From Shane Oliver, head of Investment Strategy & Chief Economist at AMP Australia:
- rate cut forecast in May
-
“However, with inflation slowing and growth weaker than expected we believe the RBA should cut earlier and there is still a good chance of a cut in February.”
- Our Australian Inflation Indicator continues to point down for inflation.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
