RBA to Reveal Interest Rate Call, Economic Forecasts
The Reserve Bank is expected to keep interest rates on hold due to a spike in inflation.
Mortgage holders are unlikely to see a decrease in interest rates, as resurgent inflation is expected to discourage the Reserve Bank from lowering them.
- Conflicting impulses of rising consumer prices and higher unemployment are affecting the RBA's monetary policy decisions.
- Analysts at Nomura expect the bank to wait for more data before making any changes.
Since the last rates meeting in September, the key developments have been a sharp jump in unemployment and a much stronger-than-expected inflation print, according to Andrew Ticehurst and David Seif.
The RBA's decision will be closely watched by mortgage holders and economists alike.
Author's summary: RBA to keep interest rates on hold due to inflation spike.More News
- Mark Harmon returns as Leroy Jethro Gibbs in the ‘NCIS’ universe — here’s when his comeback episode drops
- Canada to fast-track $4.56bn critical minerals projects
- Welcome to ad wars 2025
- MillerKnoll wins court fight over millions in Bubble Lamp royalties
- FTSE Rises Ahead of BoE Decision - Investomania
- ALIDEDEOGLU: Reexamine Word Choices