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Showing 1 - 10 of 21 results for "August meeting"

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... RBA hoped for, with inflation heading in the right direction," he said. "As the RBA noted in its minutes from its August meeting, there was a credible path back to the inflation target with the cash rate staying at its present level." Betashares chief ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... to target within a reasonable timeframe, but that this depended on how the economy and inflation evolve." At the August meeting, the RBA said it will have additional data on inflation, the global economy, the labour market, and household spending, as ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... markedly and no signs of inflation easing, the RBA is likely to raise interest rates by 50 basis points at its August meeting, with several increases potentially following after that depending on how the economy reacts to the mega rate rises of June ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... the Reserve Bank of New Zealand's (RBNZ) bigger than expected 50 bps rate cut to a record low of 1% at its August meeting - that came at about the same time as similarly surprising cuts from the Reserve Bank of India and the Bank of Thailand - while ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than market expectations for a 25 bps reduction and followed May's 25 bps rate cut. The Bank of ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
Just as expected, the Fed's 31 July-1 August meeting was a non-event - keeping the fed funds rate unchanged at 1.75%-20% - but it did give the US central bank a platform to gloat about the US economy. "Information received since the Federal Open ...

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
... remained steady at 1.9% in the June quarter. Although it's not expected to move on interest rates at its 31 July-1 August meeting, the latest growth figures give the US Federal Reserve the green light if it decides to do so to prevent the risk of ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
... the trade-off facing the MPC continues to lessen..." The BOE's announced no change in monetary policy at its 3 August meeting -- - the first since Carney made the statement in late June. The British central bank's monetary policy summary statement revealed ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
... question now is whether the India's inflation would rebound to "a little above 4% by Q4" as the RBI expects. At its August meeting the Indian central bank noted that "some of the upside risks to inflation have either reduced or not materialised." The ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 10 AUG 2016
... the Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at a five-year low of 6.5% following its 9 August meeting. According to the RBI, "The momentum of growth is expected to be quickened by the normal monsoon raising agricultural growth ...
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