Australia Interest Rate
The Reserve Bank of Australia (RBA) retained its cash rate at 4.35% during its final meeting of 2024, keeping borrowing costs unchanged for the ninth straight gathering, in line with market forecasts. The central bank stated that while headline inflation has eased substantially and will remain lower for some time, underlying inflation stays too high before reaching the midpoint of 2 to 3% in 2026. The board said it gained some confidence that inflation is moving sustainably towards the target. Meanwhile, other recent data on activity have been mixed but remain consistent with forecasts. On household consumption, any pick-up may be slower than expected, resulting in continued subdued output growth and a sharper deterioration in the labor market. The RBA added that it will continue to rely upon data and the evolving assessment of risks, including geopolitical uncertainties, to guide its decisions. The committee also maintained the interest rate on Exchange Settlement balances at 4.25%. source: Reserve Bank of Australia
In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.
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| Calendar | GMT | Reference | Actual | Previous | Consensus | TEForecast |
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| 2024-09-24 | 04:30 AM | RBA Interest Rate Decision | | 4.35% | 4.35% | 4.35% | 4.35% |
| 2024-11-05 | 03:30 AM | RBA Interest Rate Decision | | 4.35% | 4.35% | 4.35% | 4.35% |
| 2024-12-10 | 03:30 AM | RBA Interest Rate Decision | | 4.35% | 4.35% | 4.35% | 4.35% |
| 2024-12-11 | 01:30 AM | RBA Chart Pack | | | | | |
| 2025-02-18 | 03:30 AM | RBA Interest Rate Decision | | | | | |
| 2025-04-01 | 04:30 AM | RBA Interest Rate Decision | | |
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