Free Trial
GOLD TECHS

Approaching Its Bear Trigger

BRENT TECHS

(U2) Extends Pullback From Wednesday’s High

BUNDS

ALL EYES on EU CPI

TWD

Equities Weighing

EQUITY TECHS

E-MINI S&P (U2): Extends This Week’s Retracement

EURJPY TECHS

Retracement Mode

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI STATE OF PLAY: RBA Ponders Election-Eve Rate Rise

MNI (Sydney)
SYDNEY (MNI)

The prospect of raising interest rates during an election campaign looms.

The Reserve Bank of Australia board meets on Tuesday, facing a scenario which most members would have thought unthinkable at the beginning of this year, the prospect of raising interest rates in the middle of a federal election campaign.

The unexpected momentum for inflation, however, which reached 5.1% in first quarter data released last week, has put significant pressure on the central bank to raise official rates for the first time in a decade from the current record low of 0.10%.

Keep reading...Show less
422 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Reserve Bank of Australia board meets on Tuesday, facing a scenario which most members would have thought unthinkable at the beginning of this year, the prospect of raising interest rates in the middle of a federal election campaign.

The unexpected momentum for inflation, however, which reached 5.1% in first quarter data released last week, has put significant pressure on the central bank to raise official rates for the first time in a decade from the current record low of 0.10%.

Keep reading...Show less