AUD (BK20039) Stock Price, News, Quotes-Moomoo

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Comments

kakaobohne

Aug 5 03:40

What will it take for interest rates to go down?

A lower inflation rate.
"The Board needs to be confident that inflation is moving sustainably towards the target range," the RBA said in a statement after its last meeting.
That range the RBA wants to get to is 2-3 per cent, but it's currently at 3.8 per cent.
When you hear the RBA or economists talk about "inflation", they're usually talking about the Consumer Price Index (CPI). $AUD(LIST20039.AU)$ $S&P/ASX 200 OPIC(OXJO.AU)$

Peterson111

Aug 5 03:39

What is the cash rate target?

Currently, the cash rate target is 4.35 per cent.
The cash rate target is a figure set by the Reserve Bank of Australia (RBA).
The figure influences how much commercial banks charge customers for borrowing money.
But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change. That's something the individual banks decide.
Banks usually put out a statement saying whether they'll change their rates after an RBA meeting.
If...

Wealthy Leio

Aug 5 03:35

Data last week showed Australia’s core inflation unexpectedly decelerated in the quarter ended June, prompting money markets to swing to pricing an 88 per cent chance of a rate cut in December, according to meeting-dated OIS contracts, and fully price one for February.
The yield on Australia’s policy-sensitive three-year bond hit the lowest level since April on Friday, in response to the consumer price index (CPI) and dovish shift at global central banks. The Australian dollar also slid against...

EvanderAU

Aug 5 03:34

RBA set for hawkish hold, trailing global peers in easing cycle

Australia’s policy decision follows a highly-anticipated meeting by the Federal Reserve last week, when chair Jerome Powell signalled that the US is on course to begin easing in September. The Bank of England also last week cut rates for the first time since early 2020 and signalled further reductions ahead. $AUD(LIST20039.AU)$ $S&P/ASX 200 OPIC(OXJO.AU)$

ArtieZiffsCat

Aug 5 03:30

How will the ASX 200, Australian dollar react?

Any hawkish signs from the RBA are likely to further batter Australian stocks, with regional markets already nursing steep losses from a broader risk-off sentiment.
The ASX 200 fell sharply in recent sessions after hitting record highs as recently as last week.
High-for-longer interest rates bode poorly for most Australian businesses, especially given that they are already grappling with weak overseas demand.
Australian bank stocks, however, may ...