• Home
  • Analytics
  • Market News
  • Reserve Bank of Australia to hold in June? – Standard Chartered

Market news

16 May 2019

Reserve Bank of Australia to hold in June? – Standard Chartered

According to Chidu Narayanan, economist at Standard Chartered, the Reserve Bank of Australia’s (RBA’s) June meeting is likely to be a close call.

“April labour-market data was not sufficiently bad by itself to lead the RBA to cut rates in June, after it left rates unchanged in May. The post-meeting statement in May was only mildly dovish, suggesting rate cuts are some time away. However, the RBA’s forecasts in its quarterly Statement on Monetary Policy (SoMP) suggest persistent weakness, despite a likely 50bps of rate cuts. The June policy decision is unlikely to be driven solely by today’s labour-market print; rather, we believe the decision will depend on what drove the RBA to keep rates on hold in May. OIS markets are now pricing in a 15bps rate cut in June, up from 10bps ahead of the labour-market print. We look to Lowe’s speech to assess the timing of RBA’s rate cuts; we currently see the RBA on hold in June.”

Market Focus
  • Eurozone annual inflation up to 1.7% in March
  • China's central bank will not let yuan decline past 7 to the dollar - sources
  • European car sales drop in April for 8th straight month - ACEA
  • BOJ Governor Kuroda: BOJ may keep low rates well over year, dismisses debt monetisation

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.

© 2000-2019. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The Teletrade brand is also represented in Europe as TeleTrade-DJ International Consulting Ltd that is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The information on this website is for informational purposes only and does not constitute any investment advice.