Reserve Bank of Australia preview - straight forward decision, on hold with a neutral bias ...Middle East

These are the main summary points from the Commonwealth Bank of Australia Reserve Bank of Australia preview. Analysts at the bank expect the RBA to leave policy on hold and the neutral bias to be keptWe expect the RBA Board will leave the cash rate unchanged next week in a straight forward decision.The Q1 24 national accounts and recent labour market data were largely in line with the RBA’s latest economic forecasts.The June Board meeting comes in the wake of the 2024 Federal Budget, which was a little more expansionary than anticipated. But we do not think the Budget has shifted the dial on the RBA’s assessment of the economic outlook.RBA Governor Bullock stated that she does not think the

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Reserve Bank of Australia preview - straight forward decision, on hold with a neutral bias ...Middle East

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