RBA rules out rate cut before year-end, prioritizing potential upside risks to inflation.
Australia's central bank, the Reserve Bank of Australia (RBA), has ruled out a rate cut before the end of the year. Governor Michele Bullock stated that the RBA remains focused on potential upside risks to inflation, which may deter any immediate changes to the current cash rate. Analysts will scrutinize the RBA's upcoming board meeting minutes for any signs of weakness or policy shifts. Meanwhile, the US Federal Reserve's moves will continue to hold significant influence on the Australian economy, with the Jackson Hole symposium providing key insights into potential rate changes.
August 18, 2024
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