RESERVE-BANK-OF-AUSTRALIA
RBA Hunter: Will Adjust Policy Based On Current Conditions vs SOM...
--Will monitor carefully which of 3 scenarios in SOMP is closest to how things unfold
--Sustained fin conditions tightening embodied in trade war downside scenario
--Recent AUD recovery vs USD unusual vs historical experience
...
RBA Minutes: Not Yet Time To Move MonPol To Expansionary Stance
--Case for 25bps cut considered stronger vs 50bps, after cut judged to be stronger vs hold
--25bps cut guarded against policy reversal risks, if rate cuts proved to be too rapid
--One reason to hold was monpol was judged not be &ldqu...
RBA Hauser: Don’t count China out
Key themes from China Visit
--Chinese economy turned corner in lead up to April 2
--April 2 tariff announcements genuinely shocked on scale, speed, scope
--China confident it has policy tools, commitment to respond to tariffs<...
RBA SOMP: Cut Underlying Inflation Forecast on Lower Growth, Impo...
--Cuts Cash Rate 25bps to 3.85%
--Lower Cash Rate Profile Expected To Support Activity Amid Global Economic Headwinds
--Trimmed CPI at 2.6% until Dec 2026 with cash rate profile in line with mkt
--Lower Cash Rate Path Would Su...
RBA Minutes: No Cut Considered; Domestic Risks Considered Two-Sid...
--Cut not considered; Hold decided after discussing two-sided risks to inflation, growth
--Upside risks emphasised. Board noted importance of not jeopardising inflation progress by easing monpol prematurely
--Global trade policy not...
RBA Bullock: Too Early To Determine Path Of Interest Rates
--Need to be patient to work through tariff impact on global demand/supply
--Not seeing same degree of impact as previous impacts like 2008
--Continue to engage with central bank counterparts overseas
--Key focus is how this u...