RBA Updates

At its meeting today, the RBA Monetary Policy Board decided to increase the cash rate target by 25 basis points to 4.10%. The vote was split, with five Board members voting for a rate hike and four voting against. The split was on the timing of the decision, not the direction.

The RBA Monetary Policy Board increased the cash rate target by 25 basis points to 3.85% at its meeting today.

The RBA kept the cash rate target unchanged at 3.60% at the December meeting, in line with market expectations. At the press conference, RBA Governor Michele Bullock went further said the RBA is now considering either a prolonged pause or a rate increase.

As expected, the RBA Monetary Policy Board kept interest rates unchanged at its November meeting, leaving the cash rate target at 3.60%; a rate cut was not considered at the meeting.

The RBA Monetary Policy Board kept interest rates unchanged at the September meeting, with the cash rate target remaining at 3.60%; the decision was in line with the market expectations. However, the RBA Monetary Policy Board has also sharpened its tone, and appears to be less inclined to deliver rate cuts in the coming months than after the August meeting.

The RBA cut its interest rates by 25bps today, taking the cash rate target to 3.60%. The RBA has also kept its inflation and unemployment rate projections broadly unchanged compared to May, with trimmed mean inflation establishing around the mid-point of the 2-3% target range and unemployment rate stabilising at 4.3% until the end of the projection horizon in late 2027.