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RBA Seen Holding Key Rate at 12-Year High as Inflation Stays Hot
Australia’s central bank will likely hold its key interest rate at a 12-year high on Tuesday as it tries to restrain consumer prices that have been underpinned by an ultra-tight employment market. The Reserve Bank will keep the cash rate at 4.35% for a fifth straight meeting, economists surveyed by Bloomberg predicted. The decision will be released at 2:30 p.m. in Sydney, followed an hour later by Governor Michele Bullock’s press conference. Australia’s policy meeting follows a highly-anticipated decision by the Federal Reserve last week, when Chair Jerome Powell signaled he wasn’t in a rush to ease monetary ... (full story)
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- Posted: Jun 16, 2024 6:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,888
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