RBA may not turn dovish yet but acknowledge balance of risks have changed
By Sophia Rodrigues
Published On 05 Feb 2019 , 07:02 AMOne of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would be improved outlook for business investment -- non-mining and mining, continued positive outlook for terms of trade, and positive outlook for labor market. These would offset concerns about falling housing prices for now (also because households are getting boost from lower fuel prices). Stable for longer would be RBA's key message but that may not be evident today. I will look for "probability" in Lowe's speech and assessment of risks in the SOMP. Bottomline: The available information doesn't leave scope for RBA to turn dovish now but that doesn't mean they don't recognize the balance of risks have changed.
LATEST SNIPPETS
Australia's Private New Capex Rises 0.4% q/q in Dec Qtr
Australia's total private new capex rose 0.4% q/q in the December quarter, leading to a 7.8% rise y/y, according...
Published on : 26 Feb 2026 , 11:34 AMAustralia Jan CPI up 3.8% y/y
Australia's Consumer Price Index rose 0.4% q/q in January, slowing from a 1.0% rise in December, but the y/y pace...
Published on : 25 Feb 2026 , 11:39 AMAustralia Dec Qtr Construction Work Done Fell -0.1% q/q
Value of construction work done in Australia fell -0.1% q/q in the December quarter and rose 3.0% y/y, data from the...
Published on : 25 Feb 2026 , 11:38 AMRBNZ increases monetary policy meetings to eight from seven
The Reserve Bank of New Zealand will have eight monetary policy meetings a year from 2027, up from seven.
... Published on : 19 Feb 2026 , 02:36 PMAustralia Jan Unemployment Rate Stays at 4.1%
Australia's unemployment rate was unchanged at 4.1% in January, data from the Australian Bureau of Statistics sho...
Published on : 19 Feb 2026 , 11:39 AMRBNZ Leaves OCR unchanged at 2.25%
The Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25%, meeting expectations.
Australia Wage Price Index Rises 3.4% y/y in December Qtr
Australia's wage price index rose 0.8% q/q in the December 2025 quarter, leaving the y/y pace unchanged at 3.4%,...
Published on : 18 Feb 2026 , 11:38 AMRBA Lifts Cash Rate to 3.85%
The Reserve Bank of Australia raised the cash rate by 25bps to 3.85%, marking a quick turnaround from a 25bps cut del...
Published on : 03 Feb 2026 , 02:37 PMRBA Maintains Cash Rate at 3.60%
The Reserve Bank of Australia left the cash rate unchanged at 3.60%, judging it appropriate to remain cautious w...
Published on : 09 Dec 2025 , 02:45 PMRBNZ Trims OCR 25bps to 2.25%
The RBNZ cut the Official Cash Rate by 25bps to 2.25%, and flagged this may be the end of the easing cycle.