RBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity

By Sophia Rodrigues

Published On 04 Jun 2019 , 07:33 AM

The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market is prepared for both. But a key point of interest for the market will be the extent of easing bias that the RBA will convey. Will the language point to one more rate cut, or multiple cuts? Any hints will be in the comments on spare capacity in the labor market" and any view it expresses on housing market given recent developments. I will be watching whether RBA tweaks the last line "the Board will be paying close attention to developments in the labour market at its upcoming meetings" to include housing market.

LATEST SNIPPETS

Westpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)

Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...

Published on : 07 Jun 2022 , 05:21 PM
CBA ups RBA rate forecast; sees 2.1% year-end, with risk of 2.35%

Economists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach...

Published on : 07 Jun 2022 , 04:58 PM
NAB ups RBA cash rate forecast to 2% by Dec (from 1.35%)

Economists at National Australia Bank are revising up their RBA cash rate forecast following the 50bps hike on Tuesda...

Published on : 07 Jun 2022 , 04:15 PM
RBA raises cash rate 50bps to 0.85%

The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...

Published on : 07 Jun 2022 , 02:47 PM
Australia net export to subtract 1.7 points from Q1 GDP

Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...

Published on : 31 May 2022 , 11:44 AM
RBNZ Ups OCR 50bps to 2.0%

The Reserve Bank of New Zealand raised official cash rate by 50bps to 2.0%, as widely expected and issued hawkish pro...

Published on : 25 May 2022 , 12:15 PM
Full Title of RBA Kent's Speech Next Week

The full title of RBA assistant governor Christopher Kent's speech next week is, "From QE to QT - The next p...

Published on : 20 May 2022 , 10:00 AM
Australia's unemployment rate at 3.9% in April

The jobless rate was at 3.9% in April, following a revised 3.9% rate in March (from 4.0%), data from Australian Burea...

Published on : 19 May 2022 , 11:46 AM
RBA Governor and Deputy Governor -- Some fun facts

I don't think there's as much commonality between a governor and deputy governor as it is between RBA's G...

Published on : 10 Mar 2022 , 05:53 PM
ANZ NZ Sees RBNZ hiking 50bps in both April and May

Economists at ANZ New Zealand have revised their call for the RBNZ OCR, now expecting 50bps hike at each of the meeti...

Published on : 08 Mar 2022 , 09:11 AM