Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The Central Bank of Australia expected to leave the rate at 4.35%


December, 05 2023
watermark Economic news

The Reserve Bank of Australia (RBA) has decided to keep the key interest rate at 4.35% per annum, which is the highest value since January 2011. This decision was expected and in line with analysts' forecasts.


At the previous meeting in November, the Australian central bank raised the rate by 25 basis points. Prior to this change, the rate remained unchanged for four months. The Reserve Bank's management noted that achieving the inflation target, which is in the range of 2% to 3%, is slower than expected. It was also pointed out that core inflation exceeds forecasts, mainly due to the increase in the cost of services.


The Reserve Bank of Australia stressed that the decision to further tighten monetary policy will depend on the analysis of current economic data and risk assessment. According to current forecasts, the inflation rate in Australia is expected to reach about 3.5% by the end of 2024, and by the end of 2025 it will decrease to the upper limit of the target range of 2-3%.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.