You are here: Home > articles > Forex > Until mid 2020, the rates of the Central Bank of Australia will be record low
Until mid 2020, the rates of the Central Bank of Australia will be record low
December 10, 2018 10:22 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
It appears that the Central Bank of Australia will keep interest rates at the current level, at least until mid- 2020, the recent series of weak economic data eliminated any likelihood of an earlier rate hike.
Last week, the Reserve Bank of Australia (RBA) left rates at a record low of 1.50 percent, for 28 consecutive months, and was an expected step. Most experts already expected a rise not earlier than mid-2020, but disappointing GDP data in the third quarter and low retail sales in October forced the market to completely eliminate the possibility of a rate hike even in 2020. Only a few analysts who took part in the survey predict at least one campaign in March 2020. Earlier, the assistant to the head of the RBA, Chris Kent, reiterated that the next step to raise rates is likely to be economic growth amid expectations of a gradual increase in inflation, but if necessary, a reduction is possible, Kent added.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: