RBA Preview: Forecasts from eight major banks, tightening cycle over but rate cuts are not coming just yet
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The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming central bank’s decision.
The traditional rate decision and post-meeting statement will now be accompanied by the simultaneous release of the Statement on Monetary Policy (SoMP). Governor Michele Bullock will hold a press conference an hour later.
The RBA is expected to leave the cash rate target at 4.35%. The risk is that the RBA delivers a dovish hold because of weak Australian economic activity and slower inflation. Markets will be watching the inflation forecasts profile closely.
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