Futures indicate the benchmark S&P/ASX 200 Index is poised to rise 0.3 per cent at the start of trade on Monday, before the RBA’s May rates decider.
Already a subscriber?Reserve Bank governor Michele Bullock faces the prospect of upgrading the RBA’s inflation forecasts as market economists clamour for evidence from Tuesday’s policy statement that Australia’s cash rate could rise in 2024 in a retooled fight against inflation.
Futures indicate the benchmark S&P/ASX 200 Index is poised to rise 0.3 per cent, or by 22 points, at the start of trade on Monday.reinforced a tilt towards monetary easing from the US Federal Reserve, despite the disappointing progress being made on inflation. He expects the RBA to keep the cash rate unchanged at 4.35 per cent on Tuesday, and is counting on a new rhetoric from the central bank’s communications in the statement or in Ms Bullock’s press conference.
Mr Hogan forecasts the RBA to raise the cash rate in August or September, and in November. He expects the first rate cut this cycle to arrive in July 2025.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: ASX to edge up; Westpac announces $1b buyback and special dividendShares to rise at the open; Reserve Bank interest rate decision this week; BHP has industry super’s blessing for Anglo American copper prize. Follow here for more.
Read more »
ASX 200 LIVE: ASX to bounce as Middle East stand-off cools, China rates aheadASX to slip after Israel-Iran tensions fail to escalate. China loan rate decision expected later today. Oil and gold pare gains after Friday’s surge. Follow here for more.
Read more »
ASX: 200 Live: ASX to drop on US inflation; bond yields jumps, $A slumpsInvestors push back rate cut expectations to November, Wall Street falls. Gold, oil edge higher. $A slumps. NextDC eyes $1.3b capital raising. Avita cuts guidance. Follow here.
Read more »
ASX 200 LIVE: Shares to lift; Macquarie Bank to reportAustralian shares are poised to rise as tech stocks led Wall Street higher. Apple lifts buyback, dividend. $A up at US65.66c. Oil extends. losses.Follow here.
Read more »
ASX 200: Australian shares to bounce as Jerome Powell prepares to walk rates ‘tightrope’The US Federal Reserve will take centre stage again this week, when some forecasters are expecting its chairman to address an increasingly poor inflation outlook.
Read more »