Australia: RBA on hold for final meeting of 2024 – UOB Group
10.12.2024, 08:27

Australia: RBA on hold for final meeting of 2024 – UOB Group

As expected, the Reserve Bank of Australia (RBA) decided to leave its cash rate target unchanged at a 13-year high of 4.35%. It has now been more than a year since the RBA’s last rate move, the 13th increase in a series that began in May 2022. It also kept the interest rate paid on Exchange Settlement balances unchanged at 4.25%, UOB Group’s Economist Lee Sue Ann notes.

RBA keeps rates at a 13-year high of 4.35%

“The Reserve Bank of Australia (RBA) kept rates at a 13-year high of 4.35% earlier today (10 December), as expected. The Board acknowledged that it is gaining some confidence that inflationary pressures are declining in line with these recent forecasts, although risks remain.”

“The RBA had opted not to raise rates as high as other central banks during the 2022-23 tightening cycle in an effort to safeguard the labor market, which remains a bright spot. However, that has led to inflation lingering more persistently in Australia.”

“Employment figures due later this week (12 December) are predicted to show the unemployment rate edging higher to 4.2% in November. As for inflation, the release of 4Q24 inflation data is not till 29 January, just ahead of the RBA's first policy meeting next year on 18 February. For now, we do not expect the RBA to cut rates until 1Q25 at the earliest.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik