All eyes on RBA statement as rates tipped to stay put

Sydney Morning Herald00:32

The Reserve Bank of Australia is widely tipped to keep rates on hold but a dovish turn in its post-meeting statement could lay the foundations for a pre-Christmas cut.The clear consensus of economists...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481535058?lang=en_US&edition=fundamental","thumbnail":"https://images.perthnow.com.au/publication/C-16638197/d51d62c0da607ab5e3a84f03430b15092d69b27c-16x9-x0y0w1280h720.jpg","is_english":true,"pubTime":"2024-11-05 00:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481535058","market":"us","top_or_hot":-1,"title":"All eyes on RBA statement as rates tipped to stay put","media":"Sydney Morning Herald","content":"<div>\n<p>The Reserve Bank of Australia is widely tipped to keep rates on hold but a dovish turn in its post-meeting statement could lay the foundations for a pre-Christmas cut.The clear consensus of economists...</p>\n\n<a href=\"https://www.perthnow.com.au/business/all-eyes-on-rba-statement-as-rates-tipped-to-stay-put-c-16638197\">Source Link</a>\n\n</div>\n","source":"perthnow_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>All eyes on RBA statement as rates tipped to stay put</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAll eyes on RBA statement as rates tipped to stay put\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 00:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.perthnow.com.au/business/all-eyes-on-rba-statement-as-rates-tipped-to-stay-put-c-16638197><strong>Sydney Morning Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Reserve Bank of Australia is widely tipped to keep rates on hold but a dovish turn in its post-meeting statement could lay the foundations for a pre-Christmas cut.The clear consensus of economists...</p>\n\n<a href=\"https://www.perthnow.com.au/business/all-eyes-on-rba-statement-as-rates-tipped-to-stay-put-c-16638197\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.perthnow.com.au/business/all-eyes-on-rba-statement-as-rates-tipped-to-stay-put-c-16638197","article_id":"2481535058","we_media_id":null,"thumbnails":["https://images.perthnow.com.au/publication/C-16638197/d51d62c0da607ab5e3a84f03430b15092d69b27c-16x9-x0y0w1280h720.jpg"],"rights":{"source":"perthnow_stock","url":"https://www.perthnow.com.au/business/all-eyes-on-rba-statement-as-rates-tipped-to-stay-put-c-16638197","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2481535058","pubTimestamp":1730737975,"sourceInfo":{"source_id":"perthnow_stock","name":"PerthNow"},"weMediaInfo":null,"summary":"Analysts will pore over the RBA's post-meeting statement for any softening in rhetoric that could signal an interest rate cut earlier than expected.","collect":0,"end_time":0,"defaultTopTitle":"perthnow.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数"},"translate_title":"所有人都在关注澳大利亚央行的声明，利率有望保持不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.68,"XJO.AU":0.68,"XKO.AU":0.68},"content_text":"The Reserve Bank of Australia is widely tipped to keep rates on hold but a dovish turn in its post-meeting statement could lay the foundations for a pre-Christmas cut.The clear consensus of economists and the market is that the RBA board will keep the cash rate at 4.35 per cent at Tuesday's meeting, given underlying inflation persists higher than they would like.But price growth has steadily declined in recent months, with headline inflation back within the RBA's two to three per cent target range, aided by government energy bill rebates.AMP chief economist Shane Oliver still believes the central bank's first cut will most likely come in February, though a December cut remains possible if monthly underlying inflation in October falls sharply and unemployment rises.\"While inflation fell again in the September quarter, the RBA will likely regard underlying inflation at 3.5 per cent year on year as still too high, with services inflation remaining sticky and will see still low unemployment as meaning that there is no urgency to cut,\" he said.\"But the continuing progress in getting inflation down may see it become a little less hawkish in its commentary and it may make small downwards revisions to its inflation and growth forecasts for next year.\"Dr Oliver was one of 38 economists surveyed by Finder in the lead-up to the meeting who all predicted the cash rate to remain on hold in November.Nomura Australia economists Andrew Ticehurst and David Seif also expect the Reserve Bank to stay put.\"RBA communication from its prior (23-24 September) meeting made clear that the board was looking for a 'sustained' decline in inflation - not one simply assisted by temporary government cost-of-living relief measures,\" they said.\"We think the board could remove its observation that inflation was 'proving persistent', and note that 'welcome progress' is being made in its battle to return inflation to target.\"The pair believe the post-meeting statement will likely tilt in a more dovish direction, although the board will likely not shed its view that the supply side of the economy remains somewhat constrained.\"Aside from the inflation comments, we think that comments around the supply side are the key things to watch, in terms of rate cut timing,\" they said.\"Finally, with this meeting coming just hours before the US election, it would not be a surprise to see communication highlight global uncertainties and risks.\"JP Morgan analysts Ben Jarman, Tom Kennedy and Jack Stinson expected the statement to remain relatively unchanged, save for some tweaks to more explicitly state core inflation is still too high, even though headline inflation has returned to target.While economists at all four big banks have tipped the RBA to start slashing rates in February, traders have not fully priced in a 25 basis point cut until June.Treasurer Jim Chalmers said Australia was making \"welcome, encouraging, hearting progress in the fight against inflation\".\"But we know that people are still doing it tough and the fight is not over yet,\" he said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481535058"}