RBA sticks to neutral stance, keeping cash rate at 12-year high

The Reserve Bank of Australia kept interest rates at a 12-year high, in line with broad market expectations, while maintaining a neutral stance

The Reserve Bank of Australia maintained interest rates at a 12-year high, in line with broad market expectations. It also maintained a neutral stance.
The Reserve Bank of Australia kept the cash rate unchanged at 4.35% for the fourth consecutive meeting on Tuesday.
The Reserve Bank of Australia said in a statement that the central bank\’s policy committee expects that it will take some time for inflation to remain within the target range. Therefore, it will continue to be vigilant about upward risks. The committee does not rule out any possibility.
After the policy decision was announced, the Australian dollar fell 0.4% against the US dollar to US$0.6602.
Data compiled by Bloomberg showed that the policy-sensitive three-year Australian government bond yield fell 4 basis points to 3.98% as swap traders cut their bets on raising interest rates this year.
All eyes will now turn to central bank governor Michele Bullock\’s press conference at 3:30pm Sydney time.

Like (0)
Previous May 7, 2024 4:02 pm
Next May 7, 2024 4:02 pm

Related posts

  • Market update: Sensex gains over 400 pts, Nifty hovers around 22,300

    BSE Sensex was trading at 73,400.23, higher by 456.55 pts, or 0.63 per cent, as of 12.43 p.m., and NSE Nifty50 was at 22,313.70, up 165.80 pts or 0.75 per cent.

    free stock signals April 19, 2024
  • Tata Power: What should investors do?

    With rising power demand and the Centre’s ambitious target of installing 500 GW of non-fossil fuel capacity by 2030, Tata Power has been a significant beneficiary. The necessary expansion of the transmission network to maintain grid stability further supports the company’s growth. Additionally, its dominant market share in the rooftop solar segment positions Tata Power well to capitalise on opportunities presented by the PM Surya Ghar Muft Bijli Yojana announced in Budget 2024.

    free stock signals May 19, 2024
  • Beijing: By 2025, the scale of intelligent computing supply will reach 45EFLOPS

    [Beijing: The scale of smart computing supply will reach 45EFLOPS by 2025] Finance News, April 25th, Beijing Municipal Bureau of Economy and Information Technology and Beijing Municipal Communications Administration issued the \”Beijing Computing Infrastructure Construction Implementation Plan (2024-2027)\” Year)\”. Intelligent computing resource supply is clustered. Change the \”small and scattered\” situation of intelligent computing construction and focus on building a number of single large intelligent computing clusters. By 2025, the city\’s intelligent computing supply scale will reach 45EFLOPS. From 2025 to 2027, according to the development needs of artificial intelligence large models and relevant national deployments, further Optimize the computing power layout. The functions of Beijing’s computing power interconnection and operation service platform are gradually improving, and the supply and demand dispatch of intelligent computing resources are efficiently coordinated.

    free stock signals April 25, 2024