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Showing 1 - 10 of 31 results for "Melbourne Cup Day"

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... strategist Stephen Miller to label an upcoming interest rate adjustment by the Reserve Bank of Australia (RBA) on Melbourne Cup Day as near certain. Miller pointed out that the most recent RBA board meeting indicated a lower tolerance for a sluggish ...

CPI poses awkward optics for RBA: Economist

ANDREW MCKEAN  |  MONDAY, 31 OCT 2022
... result, there remains a good case for the RBA to stick with only a 25-basis point interest rate increase on Melbourne Cup day." "By continuing to raise interest rates, even if by only 25 basis points each month, the RBA is still clearly displaying its ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... expectations, showing just how low it can go. The All Ordinaries index jumped by 1.9% following the RBA's Melbourne Cup Day board meeting on November 3, with big capitalisation stocks - Top 100 up by 1.9% -- and little ones - small caps up by 2.1% ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
An RBA rate cut won't happen on Melbourne Cup Day, 5 November. But it will happen - perhaps down to negative and up to the point where the Australian central bank is forced into quantitative easing and print Australian dollars. This is because latest ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... spending (but only after it's achieved having the Budget surplus immortalised on paper). Forget about a Melbourne Cup Day interest rate cut! The minutes of the Reserve Bank of Australia's (RBA) October 1 Board meeting first hinted on this, stating ...

Surefire Melbourne Cup bet

BENJAMIN ONG  |  MONDAY, 30 OCT 2017
... Melbourne Cup? Bet on the Reserve Bank of Australia (RBA) not moving on interest rates when its board meets on Melbourne Cup Day, Tuesday 7 November. Yes Virginia, I know, it's like saying that sugar is sweet and made even sweeter (well depending on ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
... 2018 increased to 91% from 52% (before the RBA minutes' release), or as Goldman Sach's predicts, as early as Melbourne Cup Day this November. Never mind that markets ignored the final paragraph in the RBA minutes indicating the Australian central bank's ...

CPI says RBA no go on Melbourne Cup Day

BENJAMIN ONG  |  THURSDAY, 27 OCT 2016
You can bet the house on your favourite steed come 1 November, Melbourne Cup Day, but not on the Reserve Bank of Australia (RBA) shaving another 25 basis points off the official cash rate that currently stands at a record low 1.5%. This is the message ...

Pick a number

BENJAMIN ONG  |  TUESDAY, 3 NOV 2015
The nation stops today - Melbourne Cup Day and RBA decision day. I don't know which bet's an easier pick, choosing the winning horse where there are equines a-plenty to bet on or the RBA's decision on interest rates where it's practically a coin-flip. ...

Christmas in October

BENJAMIN ONG  |  MONDAY, 26 OCT 2015
... Bank of Australia (RBA) is lucky. By the time Gov Glenn and his Board meets on Tuesday next week (3 November Melbourne Cup Day), the RBA would have the whole hog on what its bigger peers have done and/or are thinking.
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