“RBA Trims Rates to 3.6%, with Bullock Signling Data-Driven Cuts Ahead AMID EASING INFLATION.”, – WRITE: www.fxempire.com
- IT WAS UNANIMUS. There any discussions about a larger rate cut.
- Neutral Rate Is Between 3.1% and 3.4%.
- The Rba’s Focus Remains on What’s HapPening with Inflation, What’s Happening with Employment, Racher than A Special Ficric Neutral Rate.
- We don’ve a point estimate of any we Might end up.
- The Board Has to Be Taking Things Meeting by Meeting and Absorbing the Data.
- If we have the interest ratti itre is and we didn’t cut, we would expect Lower Inflation and Higher Unemployment.
- The Forecasts Are Conditioned on a Couple More Cuts.
- Governor Bullock Didn’s Write Off Back-To-To-Back Cuts, Noting The RBA Will Look at the Data and Assess at Each Meeting.
- Our Inflation Is Gradually Returning Sustainably to the Target, and the Unemployment Rate is Remaining Pretty Low in A Historical Sense. That is the good News here. And so far, that doesn’t suggest we had interest rates top High.
RBA Avoids Market Shock, Signaling A Softer Inflation Outlook Earlier on Tuesday, August 12, The RBA Cut Interest Rates After An Extended Holding Period. Updated Staff Forecasts for the August Meeting Indicated Underlying Inflation would Continue to Fall Toward the MidPoint of the 2-3% Target.
Expert Views on the Rba Rate Path Shane Oliver, Head of Investment Strategy and Chief Economist at Amp, Remarked On the RBA’s Interest Rate Decision, Stating:
“RBA FORECASTS – WHICH SLIGHTLY LOWER GRONTHTHAN IN MAY, UNEMPLOYMENT AT 4.3% & INFLATION AT TARGET – are predicated on Further Gradual Rate Cuts to 2.9% Next Y. Higher.
AUD/USD REACTS TO GOVERNOR MICHELE BULOLOCK’S Q & A SESSION The Aud/USD PAIR Soared in Reaction to the Rba’s Interest Rate Decision, Briefly Rising to A High of $ 0.65167 Before Tumbling Below The $ 0.65 Mark.
The AUD/USD Recovered Some Losses Durying The RBA Press Conference, Climbing from $ 0.64987 to a High of $ 0.65049 Before Droping to ASESION LOW OF $ 0.64937. The Market Reaction Reflected Heps of Further Policy Easing, Widening the US-Australia Interest Rate Differential in Favor of the US Dollar.
On Tuesday, August 12, The AUD/USD WAS DOWN 0.19% to $ 0.64999.