Reserve Bank of Australia Governor Michele Bullock said on Thursday that the interest rates are restrictive enough and will stay there until the central bank is confident about inflation.
Reserve Bank of Australia Governor Michele Bullock said on Thursday that it’s premature to assess the impact of the US presidential election outcome and tariff implications.
The Reserve Bank of Australia left its cash rate unchanged at 4.35% this morning. Most economists, as well as the market, were expecting no change. As a result, the Aussie's reaction to the meeting was muted.
The Reserve Bank of Australia (RBA) board members decided to keep the Official Cash Rate (OCR) unchanged at 4.35% after its May monetary policy meeting on Tuesday.
The Reserve Bank of Australia (RBA) board members decided to hold the Official Cash Rate (OCR) steady at 4.35% after its March monetary policy meeting on Tuesday. The policy announcement was widely expected by the markets. The RBA extended its pause for the third meeting in a row, having lifted the rate by 25 basis points (bps) in November.
At its February policy meeting, the RBA decided to keep the policy rate steady at 4.35% for the second meeting in a row. The central bank, however, left the door ajar for further tightening.
The Reserve Bank of Australia (RBA) board members decided to raise the Official Cash Rate (OCR) from 4.10% to 4.35%, following the conclusion of the November monetary policy meeting on Tuesday.
The Reserve Bank of Australia (RBA) is Australia's central bank, deriving its functions and powers from the Reserve Bank Act 1959. Its primary duty is to contribute to currency stability, full employment and the economic prosperity and welfare of the Australian people. The RBA achieves this by setting the cash rate to meet a medium-term inflation target of between 2% and 3%, maintaining a strong financial system and efficient payment infrastructure and issuing the nation's banknotes.
Decisions are made by a board of governors at eight meetings a year and ad hoc emergency meetings as required.
The RBA provides banking services to the Australian Government, its agencies and several overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
The Official Website, on X and YouTube
Michele Bullock is an Australian economist and the current Governor of the Reserve Bank of Australia. She assumed the role in September 2023 and is the first woman to hold the position. She is the Chair of the Reserve Bank Board, Payments System Board and Council of Financial Regulators. Prior to her current role, Bullock was the Deputy Governor of the RBA.
Bullock on his RBA profile and Wikipedia.
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.