According to the Australian Bureau of Statistics, the CPI slowed to 2.4%, remaining within the Reserve Bank's target and down from 2.5% the previous month. Will the RBA cut rates at their next meeting in early April?
CPI Slowed to 2.4 Per Cent, Will RBA Cut The Rates in The Next Meeting?
Comments
No due to US political environment, war in ukraine, middle east conflict, supply chain, covid-19…. etc
Mainly the federal election.
RBA "Independent" btw
Sure, but changing rates during an election campaign will set off the people who already question their "independence" by putting it in quotes.
Sure, but changing rates during an election campaign will set off the people who already question their "independence"
🤣😂😅
Independence from what?
Independence from the real economy? The real increase in cost of groceries, bills, power, insurance, rent, houses, petrol, …
They are already independent from that!
covid-19
We're up to covid-25.
We're due for bird flu to jump from poultry to humans. We'll be back to sitting in our houses all day buying Pokemon cards using JobKeeper 2.0.
We're up to covid-25.
Best one so far JV!
What's the booster number?
😅🤣😂
Not if an election is called.
nah
The market is pricing in a mere 8% chance of a rate cut
https://www.asx.com.au/markets/trade-our-derivatives-market/…
Although I would like a rate cut, I'm not expecting one.
There are too many incoming policy changes that may impact inflation. Depending on the election outcome (and some of them will occur regardless), the RBA may prefer to see what comes of that.
They have long complained of overheated migration being a problem. I suspect they will wait to see how the new migration and housing policies flow through before jumping +/-
Dream on.
Headline inflation has been impacted by the $75 quarterly energy rebates we have been receiving. The RBA would be mindful of the impact of temporary factors such as these when viewing the inflation numbers.
April 2nd is big US tariff announcement day, and with the election most likely set for May, RBA is going to hold until there's more certainty of what they are dealing with in the near future.
Saver here. Could we have a rise please ?
Seriously ? You haven't had enough? I'd say anyone with cash in the bank would pretty happy with the current rates considering where they had been for quite some time.
Historically they've been much higher. Borrowers should be grateful.
Too right. The big problem is many gorged themselves on low interest rate debt, not thinking for more than a minute what happens when rates go back to normal levels. The chickens have come home to roost.
Election, tariffs and a possible trump induced world war, no way are they dropping rates. I believe 1 possibly 2 for the rest of the year, and most economists and banks agree that’s the trajectory.
No, we’re in deficit thanks to Sneazy.
Computer says no…..