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RBA meeting preview: No change to policy expected as inflation fight continues
The Reserve Bank of Australia is expected to keep its cash rate on hold at 4.35% when it announces its policy decision at 2.30PM on the 5th of November, 2024. Despite ongoing evidence of soft demand, upside risks to inflation are likely to remain the central bank’s primary concern. Last week’s quarterly CPI figures revealed a drop in trimmed mean CPI to 3.5%, above the RBA’s 2-3% target band. Headline inflation fell to 2.8% for the quarter. However, that was due to the effects of government subsidies for electricity as well as a fall in automotive fuel prices. Promisingly, the ABS’s monthly CPI indicator, ... (full story)
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- Posted: Nov 4, 2024 11:20am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,105
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