Reserve Bank of Australia expands policy communication as board members gain authority to deliver public speeches on monetary policy outlook, marking significant shift toward greater transparency in rate-setting process amid consecutive rate hikes to 4.1%
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RBA Board Members to Share Policy Outlook in Transparency Push
Reserve Bank of Australia expands policy communication as board members gain authority to deliver public speeches on monetary policy outlook, marking significant shift toward greater transparency in rate-setting process amid consecutive rate hikes to 4.1%
Yonhap Infomax
Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?
Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting
The Guardian
Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell
Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent says
The Guardian
Rising profit margins turbo-charged Australia’s latest inflation figures – but something worse is just around the corner
Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June
The Guardian
Australians can expect high fuel costs to linger for far longer than the war in Iran
Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis
The Guardian
Australian 3-Year Bond Yield Rises 9.07bp After Unemployment Data Release
Australian government bond yields surge as labor market data triggers market reassessment of Reserve Bank policy outlook amid persistent inflation concerns
Yonhap Infomax
The RBA is asking Australians to show restraint. They may want to take their own advice
We are all living in uncertain times, so we expect decisions to be made with a high degree of caution. That applies to the central bank and interest rates
The GuardianReserve Bank of Australia Governor Michele Bullock raised the policy rate by 25bp to 4.10%, marking the first consecutive rate hikes since June 2023, stating current rates are insufficient to control inflation amid rising price pressures and Middle East uncertainties.
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RBA Governor - 'Current Policy Rate Insufficient to Return Inflation to Target' (Update)
Reserve Bank of Australia Governor Michele Bullock raised the policy rate by 25bp to 4.10%, marking the first consecutive rate hikes since June 2023, stating current rates are insufficient to control inflation amid rising price pressures and Middle East uncertainties.
Yonhap Infomax
Capital Economics - RBA to Raise Rates Further
Capital Economics maintains forecast for RBA rate hike to 4.35% in May despite split board vote in March, citing Iran war uncertainty as key factor behind divided opinions on monetary policy direction
Yonhap InfomaxExperts characterize the Reserve Bank of Australia's latest rate hike as dovish with a split 5-4 vote, suggesting no further increases may follow as the central bank balances inflation risks against economic growth concerns amid oil price volatility from Middle East conflicts.
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'RBA's 'Dovish' Rate Hike - Further Increases May Not Materialize'
Experts characterize the Reserve Bank of Australia's latest rate hike as dovish with a split 5-4 vote, suggesting no further increases may follow as the central bank balances inflation risks against economic growth concerns amid oil price volatility from Middle East conflicts.
Yonhap Infomax