Breaking News

Australia Interest Rate Decision

Latest Release

Sep 24, 2024

Actual

4.35%

Forecast

4.35%

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 10, 2024	14:30
Nov 05, 2024	14:30			4.35%
Sep 24, 2024 (Sep)	15:30	4.35%	4.35%	4.35%
Aug 06, 2024 (Aug)	15:30	4.35%	4.35%	4.35%
Jun 18, 2024 (Jun)	15:30	4.35%	4.35%	4.35%
May 07, 2024 (May)	15:30	4.35%	4.35%	4.35%

News

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Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com - Sep 25, 2024

Investing.com-- Most Asian currencies rose slightly on Wednesday as persistent bets on interest rate cuts dented the dollar, while the Chinese yuan hit a 16-month high on optimism over more stimulus...

Asian stocks rise, China rallies further on stimulus cheer By Investing.com - Sep 25, 2024

Investing.com-- Most Asian stocks rose on Wednesday, with Chinese markets seeing outsized gains after Beijing unveiled a string of new stimulus measures aimed at shoring up economic growth. Regional...

Analysis

2 Pairs Under Pressure Ahead of Key Central Bank Meetings: AUD/USD, USD/CHF By Damian Nowiszewski - Jun 17, 2024

Central bank decisions from the RBA, BOE, and SNB will dominate the forex market this week. Traders should watch for potential volatility, particularly in USD/CHF and AUD/USD pairs. With both pairs...

Gold’s Long-Term Bullish Trend Still Intact Despite Recent Pullback By Fawad Razaqzada - Mar 25, 2024

Gold's strong trend weakened due to a strong US dollar, causing mild bearish price action. Dollar's strength, driven by external factors and positive US economic indicators, weighed on gold. Despite...

Crude Oil Targets $84 Amid Supply Concerns, Fed: Key Trading Levels to Watch By Fawad Razaqzada - Mar 18, 2024

Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...

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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Richard Dawson Dec 06, 2022 10:54

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Get your terminology straight Wayne. Fiscal policy is government spending, monetary policy is interest rate decisions by a central bank. Not only have you mislabeled the policy, you are misguided the effects of monetary policy. There are many other direct and indirect effects of monetary policy than just mortgage holders. It affects trade through currency fluctuations, employment through business loans and aggregate confidence, performance of investments through bonds and securities. All of which affects all corners of the economy. Speaking of fiscal policy, at times of higher inflation, the government should be doing alot more to reduce spending to help the fight against inflation so that the efforts of the RBA are not futile. Too many governments leave it entirely up to the RBA to be the unpopular one and meanwhile spend as much as they can to get votes of the day.

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S&P/ASX 200	8,252.80	+38.30	+0.47%
ASX 200 Futures	8,282.5	-6.0	-0.07%
ASX All Ordinaries	8,529.50	+38.00	+0.45%
US 500	5,811.1	-3.9	-0.07%
Dow Jones	42,863.86	+409.74	+0.97%
China A50 Futures	13,816.0	-70.0	-0.50%
Dollar Index	102.795	+0.118	+0.11%

Crude Oil WTI	74.62	-0.94	-1.24%
Natural Gas	2.587	-0.041	-1.56%
Gold	2,675.65	-0.65	-0.02%
Silver	31.608	-0.147	-0.46%
Copper	4.4570	-0.0288	-0.64%
US Sugar #11	22.22	+0.06	+0.27%
US Coffee C	252.48	-2.27	-0.89%

Australia 10Y	4.319	+0.039	+0.91%
Australia 5Y	3.941	+0.028	+0.72%
New Zealand 10Y	4.510	+0.027	+0.60%
U.S. 10Y	4.102	+0.030	+0.74%
Japan 10Y	0.956	+0.006	+0.63%
China 10Y	2.154	+0.009	+0.42%
Singapore 10Y	2.827	+0.003	+0.11%

CSL	299.31	+3.53	+1.19%
Woolworths	33.000	-0.060	-0.18%
ANZ Holdings	30.860	+0.470	+1.55%
Commonwealth Bank Australia	136.820	+1.180	+0.87%
Telstra Group	3.870	+0.010	+0.26%
National Australia Bank	37.630	+0.350	+0.94%
BHP Group Ltd	43.800	+0.370	+0.85%

	Interest Rates	Next Meeting
RBA	4.35%	Nov 05, 2024
BOE	5.00%	Nov 07, 2024
ECB	3.65%	Oct 17, 2024
FED	5.00%	Nov 07, 2024
SNB	1.00%	Dec 12, 2024
BOC	4.25%	Oct 23, 2024
RBNZ	4.75%	Oct 09, 2024
BOJ	0.25%	Oct 31, 2024
CBR	19.00%	Oct 25, 2024
RBI	6.50%	Dec 06, 2024
PBOC	3.35%
BCB	10.75%	Nov 06, 2024