‘Too Low’: Brutal Call on Interest Rates

‘Too low’: Brutal call on interest rates

Australia’s big four banks have updated their rate predictions after Wednesday’s shock inflation read, while one economist says the cash rate is too low.

Cash rate hike fears eased after inflation slows

Mortgage holders are likely to be spared an interest rate hike next month after the latest figures revealed inflation in Australia slowed for November.Australian Bureau of Statistics (ABS) data showed headline inflation dropped to 3.4 per cent for the month, easing fears that a rate rise could be delivered in February.The inflation rate dropped more than expected after October inflation hit 3.8 per cent, but is still above the RBA's target ran…

Inflation falls to 3.4pc, eases pressure on RBA for rate rise

Black Friday sales before Christmas contributed to price falls in furniture, footwear and clothing, suggesting some of the price relief may only be temporary.

Inflation slows but not enough for interest rate relief

Inflation has moderated but still remains above the Reserve Bank of Australia’s inflation target, sparking fears about a February rate rise. Price pressures eased because there was less demand for hotel stays.

RBA’s Hauser shrugs off CPI miss, says rate cuts still unlikely - ActionForex

The RBA remains biased against further near-term rate cuts, despite the softer-than-expected inflation data, according to comments from Deputy Governor Andrew Hauser. Speaking in an interview with Australian Broadcasting Corporation, Hauser said the likelihood of additional easing in the near term remains “probably very low”. Hauser stressed that the November CPI downside surprise has not […] The post RBA’s Hauser shrugs off CPI miss, says rate …

RBA’s Hauser says rate cuts unlikely anytime soon

The post RBA’s Hauser says rate cuts unlikely anytime soon appeared on BitcoinEthereumNews.com. Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said on Thursday that the November Consumer Price Index (CPI) was largely as expected. Hauser added that the interest rate cuts are unlikely anytime soon. Key quotes Nov CPI data largely as expected, not a lot of news in them for us. Inflation above 3%, let’s be clear, it’s too high. Fall i…