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Reserve Bank of Australia
Trends
- 1
The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6% at its upcoming board meeting, which would take borrowing costs to their highest level since 2011. The Guardian reports markets and economists are bracing for the hike, with homeowners facing further pressure on mortgage repayments as the bank continues its fight against persistent inflation.
- 2RBA Set to Resume Interest Rate Rises as Inflation Persistence GrowsโผRBA Set to Resume Raising Key Rate as Patience on Prices Erodes
Australia's central bank is expected to begin raising interest rates again, with its patience over stubborn price pressures wearing thin. Bloomberg reports the Reserve Bank of Australia is set to resume tightening, signalling that inflation has proved more persistent than policymakers wanted and that further increases to the key rate are on the table.
- 3Reserve Bank rate rise all but certain, how many more?โA rate rise tomorrow is all but locked in. How many more might there be? By Michael Janda and Alison Branley The Reserve
The Reserve Bank of Australia meets tomorrow for the sixth time this year, with financial markets and economists near-unanimous that it will raise interest rates. The open question is what follows: analysts are weighing how many further increases may come as the bank works to bring inflation under control.
- 4RBA expected to raise rates 25 basis points in SeptemberโผRBA preview September: 25 bps widely expected as inflation risks grow
Attention is on the Reserve Bank of Australia's September meeting, where markets and analysts widely expect a 25 basis point interest rate increase. The anticipated move reflects growing concerns that inflation risks in Australia are building again, and traders are positioning for a tighter policy stance.
- 5Australian banks cut rewards ahead of card surcharge banโBanks cut rewards programs, free travel insurance amid surcharge ban By Adelaide Miller Sweeping reforms from the Reserv
Australian banks are slashing rewards programs and dropping free travel insurance as sweeping reforms from the Reserve Bank of Australia take effect this week. The reforms, which include a ban on card surcharges, have prompted banks to hike fees and scale back perks ahead of the changes, with customers set to feel the impact on everyday banking.
- 6Australia presents final budget outcome as RBA rate hike loomsโAustralia politics live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms https://ww
Treasurer Jim Chalmers and Finance Minister Katy Gallagher are presenting Australia's final budget outcome, wrapping up the financial year's accounts. Attention is focused on the fiscal position ahead of an expected Reserve Bank of Australia interest rate rise, with the budget's state of repair likely to feed debate over whether further rate hikes are needed.
- 7
Markets are watching the Reserve Bank of Australia ahead of an expected interest rate decision, with attention focused on whether policymakers will raise or hold rates. At the same time, rising oil prices are adding fresh inflation pressure, complicating the bank's task. Commentators suggest the combination of higher energy costs and domestic price growth could sway the outcome of the meeting.
- 8AUD/USD bears eye 0.7000 as RBA decision loomsโAUD/USD Forecast: Bears eye 0.7000 break as RBA decision looms
The Australian dollar is trading near the 0.7000 level against the US dollar ahead of the Reserve Bank of Australia's next policy decision. Market commentary suggests bearish momentum is building, with traders watching whether the pair breaks below 0.7000. The RBA meeting is expected to be the key driver of the currency's next move.