Free Trial

MNI BRIEF: RBA Holds At 4.35% On Light Data

(MNI) Melbourne

The Reserve Bank of Australia board held the cash rate at 4.35% on Tuesday, following its last meeting of 2024, in line with market expectations.

RBA Governor Michele Bullock noted in a statement the RBA had received little domestic economic data since its November decision, while the October monthly CPI result had shown inflation continued to moderate. She said, however, the figures did not provide an insight into services inflation, a key focus for the bank. “Overall, measures of inflation expectations remain consistent with the inflation target,” she said.

Keep reading...Show less
142 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Reserve Bank of Australia board held the cash rate at 4.35% on Tuesday, following its last meeting of 2024, in line with market expectations.

RBA Governor Michele Bullock noted in a statement the RBA had received little domestic economic data since its November decision, while the October monthly CPI result had shown inflation continued to moderate. She said, however, the figures did not provide an insight into services inflation, a key focus for the bank. “Overall, measures of inflation expectations remain consistent with the inflation target,” she said.

Keep reading...Show less