AUD merchants heads up – Reserve Financial institution of Australia assembly underway – assertion due Tuesday

The Reserve Financial institution of Australia is predicted to depart its money price unchanged at four.35%.

The assertion is due at 2.30 pm Sydney time on Tuesday, November 5, 2024:

• 0330 GMT
• 2230 US Jap time (Monday night)
• Reserve Financial institution of Australia Governor Bullock press convention will comply with an hour later

So far as the tone of the assertion, its anticipated the Financial institution will dial again the hawkish rhetoric a bit of given the decrease inflation studying from the Australian Bureau of Statistics final week:

• ForexLive Asia-Pacific FX information wrap: Australian headline CPI dips into goal band (however …)

We have had some knowledge simply at the moment that point out inflation remains to be a threat, and that the labour market is regular/robust:

• Australian October Melbourne Institute Inflation Gauge +zero.three% m/m (prior +zero.1%)
• Australian ANZ Job Ads for October +zero.three% m/m (prior +2.three%)

These knowledge will not affect the RBA assembly, however will not be ignored both.

***

Earlier previews:

• The RBA assembly subsequent week marks a 12 months of unchanged money price at four.35% – no lower till 2025
• Its unanimous, Reserve Financial institution of Australia to carry money price at four.35% at subsequent week’s assembly

Reserve Financial institution of Australia Governor Bullock

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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