- Analytics
- News and Tools
- Market News
- RBA to hold rates at 4.10% on Tuesday, but will hike again next quarter – Reuters poll
RBA to hold rates at 4.10% on Tuesday, but will hike again next quarter – Reuters poll
“The Reserve Bank of Australia will keep its key interest rate unchanged at 4.10% on Tuesday as inflation shows signs of easing,” per the August 30 – September 1 poll of 35 economist by Reuters.
The survey finding also mentioned that the respondents largely expect a final hike next quarter.
Of the 21 economists who are expecting at least one more rate hike, two are expecting a move on Tuesday, while the rest are expecting it to come next quarter, likely after the next detailed quarterly inflation data is released in November reported Reuters.
The poll also cites expectations of witnessing a rate hike in November as Michele Bullock becomes the RBA Governor after the mid-September but also states the rates to remain unchanged at 4.35% through end-March 2024 afterward.
Also read: AUD/USD ignores Aussie government’s push for more wages near 0.6450, focus on RBA, Australia GDP
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
