The Reserve Bank of Australia meet on February 17 and 18. The Statement is expected at 2.30pm local time on the 18th:
- Reserve Bank of Australia Governor Bullock will hold her press conference an hour later.
Nomura senior economist Andrew Ticehurst expects a cut of 25bp. Further out:
- RBA is unlikely to cut interest rates twice in a row in April
2025. - He said that the
RBA’s messaging will likely be cautious. - He said that any
further policy easing depends on future inflation developments, which
are still unknown. - Ticehurst said that
the RBA will likely note that “welcome progress” is being
made in its battle to return inflation to target.
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Earlier previews:
- Reserve Bank of Australia expected to cut its cash rate by 25bp on February 18
- TD Securities on RBA rate cuts, inflation remains key driver
- BoA expect just 3 RBA interest cuts in 2025, terminal rate of 3.6%
This article was written by Eamonn Sheridan at www.forexlive.com.
