The RBA is expected to hold rates at 4.35%, but investors will be watching the language used in the monetary policy statement.
The RBA is expected to hold rates at 4.35%, but investors will be watching the language used in its monetary policy statement.Asia-Pacific markets rebounded on Tuesday as Wall Street surged overnight, with investors awaiting the Reserve Bank of Australia's interest rate decision.The RBA is expected to hold rates at 4.35%, but investors will be watching the language used in its monetary policy statement.
In a preview note, ING stated that"inflation more broadly is heading in the wrong direction, and that inflation is broadly based." Australia's headline inflation crept up to 3.8% in April, from a low of 3.4% in December 2023."Above all, we need to see month-on-month inflation rising at a significantly slower pace, or inflation is going to veer further off course over the second half of the year," the analysts add.
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