AU RBA Press Conference
It's the primary method the RBA uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility;
- History
Expected Impact / Date | Description |
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Jun 18, 2024 | |
May 7, 2024 | |
Mar 19, 2024 | |
Feb 5, 2024 | |
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- AU RBA Press Conference News
- From livewiremarkets.com|Jun 18, 2024
A quick glance at the data the RBA eyes most closely suggests the soft landing is still in sight. The unemployment rate is at 4% and the Australian economy is still creating jobs. The most recent monthly inflation indicator reading was 3.6%, labour productivity is not improving, and the cost of hiring (through wage inflation) is continuing to moderate. And while the headline figure is not 2-3%, the disinflation trend is (for the moment) intact. But on the flip side, the central bank may find that it has a big growth problem. Q1 GDP ...
- From @PiQSuite|Jun 18, 2024|4 comments
post:
RBA GOV BULLOCK: **NEED A LOT TO GO OUR WAY TO BRING INFLATION BACK TO RANGE **BOARD DISCUSSED WHETHER TO HIKE RATES AT THE MEETING **BOARD DECIDED TO STAY THE COURSE ON POLICY **TRYING TO BRING DEMAND DOWN WHILE REMAINING ON NARROW PATH **BOARD WANTED TO MAKE POINT THAT… post:
RBA GOV BULLOCK: **BOARD DID NOT CONSIDER THE CASE FOR A RATE CUT AT THIS MEETING **WOULD NOT SAY THAT THE CASE FOR A RATE HIKE IS INCREASING **VERY CONCIOUS THAT HIGH RATES HURTING SOME SECTOR OF COUNTRY post:
RBA GOV BULLOCK: INFLATION ALSO HURTING PEOPLE, SO BOARD LASER FOCUSED ON BRINGING IT DOWN
- From livewiremarkets.com|Jun 17, 2024
The vast majority of economists aren’t expecting any surprises at tomorrow's June Reserve Bank of Australia (RBA) meeting. The RBA is expected to keep its official cash rate (OCR) on hold at 4.35%. However, the language of their statement and of RBA governor Michelle Bullock in her post-meeting press conference will be far more interesting for both markets and mortgage holders. Most economists expect the RBA to maintain its default rhetoric of “vigilance against inflation risks”. But it’s their new cryptic (and my personal confuse ...
- From @financialjuice|May 7, 2024
post: RBA'S GOV. BULLOCK: WE BELIEVE RATES ARE AT THE RIGHT LEVEL TO GET INFLATION BACK TO TARGET. post: RBA'S GOV. BULLOCK: DATA ARE PROVING BUMPY, WE ARE TAKING A LONGER VIEW.
- From news.com.au|May 6, 2024
Household borrowers are set to be spared from further pain at the Reserve Bank’s May meeting, yet all eyes will be on governor Michele Bullock’s post-meeting press conference for clues on the path ahead for interest rates. On Tuesday, the central bank is widely anticipated to keep the cash rate steady at a 12-year high of 4.35 per cent, continuing its holding pattern as it awaits further evidence that its efforts to tame inflation, currently at 3.6 per cent, are easing as intended. Prior to the decision, markets ascribed just a 10 ...
- From forexlive.com|Mar 19, 2024
But inflation remains high. • Recent data suggests we're on the right track. • We need greater confidence in seeing inflation return to target in a reasonable timeframe. • Risks to the outlook are finely balanced. • It is too soon to rule anything in or out. • We have changed language on guidance based on data. • Not confident enough to say that we can rule out certain interest changes. • But we are on the path to achieving goals set out on the inflation front. Her tone during the Q&A part on the forward guidance change is the most ...
- From rba.livecrowdevents.tv|Mar 19, 2024
video
- From @cablefxmacro|Feb 5, 2024
post: <AUD=>:
*BULLOCK: HAVE MADE GOOD PROGRESS ON INFLATION *BULLOCK:BUT `JOB NOT DONE' ON INFLATION *BULLOCK: RISK REMAINS INFLATION EXPECTATIONS DRIFT FURTHERRBA's Bullock: We still have got a "little way to go" to get inflation down We are not ruling anything in or out on policy. • We still think risks are balanced. • What we're really looking for is data that assures that inflation is coming back to target. • We've had good news so far on inflation but it still has a '4' in front of the the inflation rate. • We don't want inflation expectations to rise. • Tax cuts are not a material issue for inflation and spending. • We need to be sure we won't have to backtrack on inflation. • I feel we are potentially on the narrow path to getting inflation back to target, cites 2.8% 2025 inflation forecast. The Australian dollar is at the highs of the day during the press conference but it's also coming alongside reports about China helping the stock market. post: RBA’s Bullock Says The November Hike Was Not A Mistake
Released on Jun 18, 2024 |
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Released on May 7, 2024 |
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Released on Mar 19, 2024 |
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Released on Feb 5, 2024 |
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