Breaking News

Australia Interest Rate Decision

Latest Release

Mar 19, 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	Previous
Dec 10, 2024	13:30
Nov 05, 2024	13:30
Sep 24, 2024	14:30
Aug 06, 2024	14:30
Jun 18, 2024	14:30
May 07, 2024 (May)	14:30	4.35%

News

Dollar slips ahead of US growth data; yen on intervention watch By Investing.com - 8 hours ago

Investing.com - The U.S. dollar slipped lower Thursday, retreating from last week’s five-month highs ahead of the release of key U.S. growth data, while the Japanese yen falls to 34-year...

Australia CPI grows 3.4% in Feb, slightly below expectations By Investing.com - Mar 27, 2024

Investing.com-- Australian consumer price index inflation remained steady in February, slightly missing expectations and further factoring into a less hawkish outlook for the Reserve Bank of...

Australia consumer sentiment weakens in March- Westpac By Investing.com - Mar 26, 2024

Investing.com-- Australian consumer sentiment weakened slightly in March, a private survey showed on Tuesday, as respondents remained largely pessimistic over Australia’s economic outlook and...

Analysis

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...

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...

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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	7,683.00	-0.50	-0.01%
ASX 200 Futures	7,579.5	-63.0	-0.82%
ASX All Ordinaries	7,937.50	-0.40	-0.01%
US 500	5,032.4	-39.2	-0.77%
Dow Jones	38,005.96	-454.96	-1.18%
China A50 Futures	12,300.0	+60.0	+0.49%
Dollar Index	105.400	-0.300	-0.28%

Crude Oil WTI	82.59	-0.22	-0.27%
Natural Gas	1.988	+0.009	+0.45%
Gold	2,341.60	+3.20	+0.14%
Silver	27.367	+0.021	+0.08%
Copper	4.5170	+0.0595	+1.33%
US Sugar #11	19.42	-0.58	-2.90%
US Coffee C	226.33	+0.43	+0.19%

Australia 10Y	4.565	+0.165	+3.75%
Australia 5Y	4.228	+0.137	+3.35%
New Zealand 10Y	4.981	+0.035	+0.72%
U.S. 10Y	4.700	+0.048	+1.03%
Japan 10Y	0.906	+0.011	+1.23%
China 10Y	2.276	+0.008	+0.35%
Singapore 10Y	3.434	+0.009	+0.28%

CSL	278.45	-0.52	-0.19%
Woolworths	32.070	+0.120	+0.38%
ANZ Holdings	28.540	+0.070	+0.25%
Commonwealth Bank Australia	115.000	+0.420	+0.37%
Telstra Group	3.670	-0.020	-0.54%
National Australia Bank	34.000	+0.160	+0.47%
BHP Group Ltd	45.230	-0.270	-0.59%

	Interest Rates	Next Meeting
RBA	4.35%	May 07, 2024
BOE	5.25%	May 09, 2024
ECB	4.50%	Jun 06, 2024
FED	5.50%	May 01, 2024
SNB	1.50%	Jun 20, 2024
BOC	5.00%	Jun 05, 2024
RBNZ	5.50%	May 22, 2024
BOJ	0.10%	Apr 26, 2024
CBR	16.00%	Apr 26, 2024
RBI	6.50%	Jun 07, 2024
PBOC	3.45%
BCB	10.75%	May 08, 2024