Breaking News

Australia Interest Rate Decision

Latest Release

Nov 07, 2023

Actual

4.35%

Forecast

4.35%

4.10%

Reserve Bank of Australia (RBA) board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the AUD, while a lower than expected rate is negative/bearish for the AUD.

Importance:

Country:

Currency: AUD

Source: Reserve Bank of Australia

Release Date	Time	Actual	Forecast	Previous
Dec 05, 2023 (Dec)	14:30			4.35%
Nov 07, 2023 (Nov)	14:30	4.35%	4.35%	4.10%
Oct 03, 2023 (Oct)	14:30	4.10%	4.10%	4.10%
Sep 05, 2023 (Sep)	15:30	4.10%	4.10%	4.10%
Aug 01, 2023 (Aug)	15:30	4.10%	4.35%	4.10%
Jul 04, 2023 (Jul)	15:30	4.10%	4.35%	4.10%

News

Australian jobs surge in Oct, but labor market still seen cooling By Investing.com - Nov 16, 2023

Investing.com-- Australia’s labor market grew more than expected in October as the participation rate returned to record highs, although an increase in unemployment and a slowing pace of hours worked...

Australia consumer sentiment worsens in Nov after RBA hike- Westpac By Investing.com - Nov 14, 2023

Investing.com-- Australian consumer sentiment soured in early-November, a survey showed on Tuesday, as a recent interest rate hike by the Reserve Bank sparked renewed concerns over increased living...

Asia FX muted, dollar strong as Powell downplays rate pause bets By Investing.com - Nov 10, 2023

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of...

Analysis

US Dollar, Oil Overbought: Will They Correct Enough? By Barani Krishnan - Sep 29, 2023

Greenback to take a breather after 8-weeks long rally; direction remains bullish Similarly, oil could retest $90 Fed actions, bond market shifts, and speculative positions to tell the market direction...

Oil slick By David Bassanese - Sep 11, 2023

Global markets Global equities pulled back last week as bond yields edged higher, with markets reflecting concerns regarding overly strong US economic growth and the ongoing strength in oil...

RBA cash rate steady at 4.10% after August's monetary policy decision By Harry O'Sullivan - Aug 01, 2023

The RBA has once again chosen to keep the cash rate target steady at 4.10% as inflation continues to cool. In his penultimate monetary policy decision as RBA Governor, Dr Philip Lowe decided against...

RBA Interest Rate Decision Discussion

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wayne monfries Dec 06, 2022 10:54

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I think the RBA has lost the plot or at least its older expertise and understanding of the economy. The fiscal policy of raising interest rates to cool "demand driven" inflation was devised at a time when a much higher percentage of Australian home owners had a mortgage (I suspect high 80s%) - currently this is around 30% so the policy affects a much smaller depreciating population of battlers. Also a much smaller portion of the population was at retiring age - so effectively interest rate rises provide more confidence in that rising population to actually fuel inflation. Also I think our current inflation trigger was more import cost driven - I.E.same numbers of goods being imported at higher cost. The RBA needs to look at the bigger picture not just myopically small pieces of it.

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DSG Dec 06, 2022 10:54

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your analysis of statistics is a little bias. More than 35% of Australian home owners have mortgage, however only a remaining 31% owns outright while the balance 30% renters. You have to add the mortgagees and the renters together to obtain a clearer picture, which would equate ~65% or more with property related loans

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S&P/ASX 200	7,075.00	+39.70	+0.56%
ASX 200 Futures	7,091.5	+37.5	+0.53%
ASX All Ordinaries	7,286.10	+40.30	+0.56%
US 500	4,556.0	+5.4	+0.12%
Dow Jones	35,430.42	+13.44	+0.04%
China A50 Futures	11,775.0	+71.0	+0.61%
Dollar Index	102.765	+0.089	+0.09%

Crude Oil WTI	78.13	+0.27	+0.35%
Natural Gas	2.804	+0.015	+0.54%
Gold	2,045.50	-1.60	-0.08%
Silver	25.020	-0.052	-0.21%
Copper	3.8407	+0.0069	+0.18%
US Sugar #11	26.85	-0.14	-0.52%
US Coffee C	173.00	-0.10	-0.06%

Australia 10Y	4.390	+0.010	+0.23%
Australia 5Y	4.066	-0.015	-0.37%
New Zealand 10Y	4.986	+0.036	+0.74%
U.S. 10Y	4.274	+0.003	+0.08%
Japan 10Y	0.655	-0.025	-3.61%
China 10Y	2.701	0.001	0.00%
Singapore 10Y	2.959	+0.023	+0.78%

CSL	261.91	-0.29	-0.11%
Woolworths	34.670	+0.390	+1.14%
ANZ Holdings	24.420	+0.240	+0.99%
Commonwealth Bank Australia	104.120	+0.790	+0.76%
Telstra Group	3.805	+0.025	+0.66%
National Australia Bank	28.340	+0.240	+0.85%
BHP Group Ltd	46.175	-0.015	-0.03%

	Interest Rates	Next Meeting
RBA	4.35%	Dec 05, 2023
BOE	5.25%	Dec 14, 2023
ECB	4.50%	Dec 14, 2023
FED	5.50%	Dec 13, 2023
SNB	1.75%	Dec 14, 2023
BOC	5.00%	Dec 06, 2023
RBNZ	5.50%	Nov 29, 2023
BOJ	-0.10%	Dec 19, 2023
CBR	15.00%	Dec 15, 2023
RBI	6.50%	Dec 08, 2023
PBOC	3.45%
BCB	12.25%	Dec 13, 2023