RBA preview: hawkish hold expected amid sticky inflation, strong jobs
Investing.com-- The Reserve Bank of Australia is widely expected to keep interest rates unchanged in September, although sticky inflation and a strong labor market are likely to elicit a hawkish outlook from the central bank.
Governor Michele Bullock has also repeatedly warned this year that sticky inflation could invite more rate hikes from the central bank. “We continue to expect the RBA to start its easing cycle in February 2025. But the risks look to have tilted to a later rather than an earlier start, particularly given the current momentum in the labour market,” ANZ analysts wrote in a recent note.
Most notably, the Federal Reserve had last week cut rates by 50 basis points and flagged the beginning of an easing cycle that is expected to bring rates substantially lower.Australian stocks had benefited greatly from dovish signals from the Fed, as the prospect of lower interest rates saw investors pivot into economically sensitive sectors. This put the
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