• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

RBA recap - more alert to upside inflation risks, less confident inflation is moderating

Started by forex4you, Jun 19, 2024, 07:20 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

RBA recap - more alert to upside inflation risks, less confident inflation is moderating

The Reserve Bank of Australia left the cash rate unchanged yesterday, as widely expected:

Via Westpac, a recap, in brief from a much longer report:

The RBA is more alert and less confident in its inflation fight.

  • the RBA Board left the cash rate on hold after only considering a rate hike or staying the course. That is, a rate cut was not discussed. What's more, the tone of the statement and rhetoric from the RBA Governor Michele Bullock suggested a step up in concerns around upside inflation risks, despite repeating the now familiar mantra of not ruling anything in or out.
  • In perhaps one of the more telling remarks of the press conference, Governor Bullock said "we need a lot to go our way if we are going to bring inflation down to the 2-3% target" and the economy's narrow path is "getting a bit narrower."

Tough talk from the RBA and Governor Bullock is not misplaced. Its better to sound hawkish, this in itself can count some way towards a tighter policy. On the other hand, sounding dovish can have an easing impact, at the margin.

AUD/USD update, helped by a softer US dollar.



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: RBA recap - more alert to upside inflation risks, less confident inflation is moderating

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com