The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, March 19 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 Reserve Bank of Australia will announce its next Interest Rate Decision on Tuesday, March 19 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. Six weeks have passed since the last RBA Board meeting instead of the long-established one-month break between meetings.
Additionally, the Q4 Wage Price Index revealed an underlying slowdown in private sector wages growth, as labour market conditions ease and inflation continues to decelerate. The Board will be comforted by these developments, given its aim to align demand with supply and ensure inflation trends toward, and eventually reaches target.
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