Australian Government Walks Fine Budget Line With RBA Primed to Hike

The question on the lips of the governor of the Reserve Bank of Australia, Michele Bullock, will be how much of that revenue will flow back into the economy by things like added measures aimed at easing a cost-of-living surge for consumers.

WSJ10:31

AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations

The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.

FX678 FinanceMay 8 17:57

Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong FinanceMay 8 11:22

Australian Dollar Loses Ground Due to the Absence of a Hawkish RBA

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations. However, the RBA acknowledged that recent advancements in curbing inflation have halted, maintaining its forward guidance of "not ruling anything in or out."

FXStreetMay 8 10:42

BlackRock: The Reserve Bank of Australia cuts interest rates in November seem more difficult to achieve

Glonghui, May 8 | BlackRock is still betting that the Reserve Bank of Australia will cut interest rates by November, but it admits that the market's confidence in this expectation is declining. “We've been making this kind of investment since the beginning of this year, but there's not much room for this kind of investment anymore.” It's important to wait and see what next week's federal budget brings in terms of increased spending. “Interest rate hikes are clearly a risk right now, and the Reserve Bank of Australia has alerted everyone. They need more data to reinforce this result, and they should have all this data at the August policy meeting.”

Gelonghui FinanceMay 8 10:41

RBA Rate Cut by November Looking Harder to Achieve, BlackRock Says -- Market Talk

BlackRock is still betting that the Reserve Bank of Australia will cut interest rates by November but admits that confidence is falling around the forecasts.

WSJMay 8 09:58