Central Banks


The Reserve Bank of Australia meeting is next week:

  • Tuesday 7 June 2022
  • Statement is due at 0430 GMT

Via Westpac, they have been in the ’40bp in June’ camp ahead of this note, no change in forecast:

  • The RBA is almost certain to raise the cash rate next week. Since the decision to make the first move on May 3 we have consistently argued that the best decision will be to move by 40 basis points. That would eliminate the emergency stimulus from 2020 and send a clear signal that the Board recognises its formidable task to move inflation back within the target band by 2024 and is prepared to act decisively.

That’s in summary from a longer piece.

Earlier RBA preview:

Reserve Bank of Australia Governor Lowe:



Source link

Articles You May Like

Forex Expo Dubai 2024 Announces Emirates as Official Airline Partner
Kickstart the FX trading day for July 15 w/a technical look at the EURUSD, USDJPY & GBPUSD
USD/JPY back to 158.50 – no fresh catalysts
Trump’s Taiwan Comments: Textbook on How to Spook Investors
Fed's Williams: Central banks must own the inflation-control mission

Leave a Reply

Your email address will not be published. Required fields are marked *