No RBA rate cut yet, but Governor Bullock is about to find the …
WEB18 hours ago · The RBA has kept interest rates on hold at 4.35 per cent, saying inflation is still too high to start cutting rates. Australian interest rates were "restrictive" (high enough to hurt) but were ...
At 2.7%, Australian inflation is back within the RBA zone. Here’s …
WEB11 hours ago · Published: September 25, 2024 12:17am EDT. A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The dip below 3% puts the ...
Statement by the Reserve Bank Board: Monetary Policy Decision
WEB1 day ago · Communications Department Reserve Bank of Australia SYDNEY. Phone: +61 2 9551 8111 Email: rbainfo@rba.gov.au. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
Australia inflation slows to 3-yr low in Aug, core still above target
WEB13 hours ago · The RBA has kept rates steady since November, judging that the cash rate of 4.35% - up from a record-low 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2 ...
Measures of Consumer Price Inflation | RBA
WEBAug 28, 2024 · The consumer price index (CPI) is a quarterly measure of inflation published by the Australian Bureau of Statistics (ABS). The ABS also publishes a monthly CPI indicator, which is more timely and includes updated prices for around two-thirds of the CPI basket each month.
Inflation Overview | RBA
WEBWhat is our inflation target? Our goal is to keep annual consumer price inflation between 2 and 3 per cent. The Reserve Bank Board sets monetary policy such that inflation is expected to return to the midpoint of this target.
Headline inflation drops to 2.7pc, down from 3.5pc, as energy …
WEB15 hours ago · However, the RBA really wants the "trimmed mean" measure of inflation to fall back into the target band, and it is still sitting above it, at 3.4 per cent. Electricity prices fall by record 17.9 ...
Australia's Headline Inflation Rate Falls Back to RBA Target — …
WEB11 hours ago · By James Glynn. SYDNEY--Australia's headline inflation rate fell to within the Reserve Bank of Australia's target band for the first time since 2021 in August, but economists warn that this won't ...
Underlying inflation lowest in more than 30 months
WEB15 hours ago · New figures today show that underlying inflation has moderated substantially to its lowest level in more than thirty months and headline monthly inflation moderated substantially by 0.8 percentage points in August, returning to the RBA’s target band for first time since October 2021. These are very welcome and encouraging numbers.
RBA interest rates: Inflation hits 3-year low of 2.7pc, but rate cuts ...
WEB13 hours ago · Trimmed mean inflation, the RBA’s preferred measure of underlying inflation, was 3.4 per cent in 12 months to August, a two-and-a-half-year low, but well above the central bank’s 2 per cent to ...
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