The Reserve Bank of Australia policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024.
0330 GMT / 2230 US Eastern time on MondayReserve Bank of Australia Governor Bullock will hold her press conference an hour later
I posted a preview yesterday:
Reserve Bank of Australia meeting on Tuesday, December 10, 2024 – Statement/Bullock focus
And this morning:
Reserve Bank of Australia monetary policy Statement due today – what to watch
According to the Bloomberg survey of analysts the Bank is expected to leave its cash rate on hold at 4.35%. That is the unanimous expectation of analysts.
From Shane Oliver, head of Investment Strategy & Chief Economist at Australia’s AMP:
forecasts a rate cut in May
“However, with inflation trending down and weaker than expected growth we think the RBA should cut earlier and there is still a high chance of a February cut” Our Australian Inflation Indicator still points down for inflation.
This article was written by Eamonn Sheridan at www.forexlive.com.
