RBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia made the decision to leave the official cash rate unchanged at 4.35%.
The last time the RBA held the cash rate this long, they followed it up with a 25 basis-point hike in November 2023.
However, @Jessica Amir, our Market Strategist, points out a key insight that indicates this may not be the case in the future.
"The RBA dropped its tightening bias. The RBA suggested inflation is restraining and unlike previous months it made NO reference to the possibility of further hikes."
There are even rate cuts on the horizon, but the jury is out on when these will occur.
Jess says that RBA Futures are not fully pricing in a rate cut this year by the RBA, with futures seeing a 34% chance of an RBA rate cut in September. However, NAB expects the RBA to make a cut in November.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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rylar : as expected
Philip_AU : Inflation remains uncertain
kakaobohne : Still subject to the Fed's influence
71669718 kakaobohne : yea,100% they will change the tune if Fed cuts interest in July meeting. that Lady still can justify why nov23 rate hike took place
EvanderAU : Often that's when the bad news comes!
Lysander : It's been three months in a row?
Wealthy Leio : I hope it can be continued.
Peterson111 : What's with all the news?
Liam Mitchell :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Keep quiet!
RachCan : Decreases in November? won't necessarily be passed on though.