RBA Updates

The RBA kept interest rates unchanged at the March meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations. The RBA has also watered down but not entirely abandoned the tightening bias, moving closer to a neutral tone.

The RBA Board kept interest rates unchanged at the February meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations. In the post-meeting statement, RBA Governor Michele Bullock stressed that further rises in rates ‘cannot be ruled out’.

The Reserve Bank of Australia Board kept interest rates unchanged today, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations.

The RBA Board decided to raise interest rates by 25 basis points, increasing the cash rate to 4.35% and the interest rate on Exchange Settlement balances to 4.25%. The decision was in line with market expectations, with the futures market pricing in a 70% probability of a 25bps hike prior to the meeting.

At the first meeting chaired by Governor Michele Bullock, the Reserve Bank of Australia (RBA) Board kept interest rates on hold. The cash rate target remains at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. The decision was in line with cash rate futures pricing for no change.

In Governor Philip Lowe’s last meeting at the helm, the Reserve Bank of Australia kept interest rates on hold. The cash rate target remains at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. The decision was in line with cash rate futures pricing for no change, while only three out of 32 participants in the Bloomberg survey expected a 25bps increase.