Topics

Posted 9/4/2023, 9:47:00 PM

Morning Bid: Aussie rate decision, Asian markets on a roll

The Reserve Bank of Australia is expected to keep its key cash rate unchanged at 4.10% as inflation shows signs of easing, according to a Reuters poll, but the RBA's guidance offered on Tuesday could trigger big moves in the Australian dollar.

reuters.com

Relevant topic timeline:

8/30/2023

Bank of Canada to hold rates steady on Sept. 6; home prices to fall in 2023

The Bank of Canada is expected to keep its key interest rate steady at 5.00% and maintain that level until at least the end of March 2024, despite rising inflation and a revival in the housing market, according to economists in a Reuters poll.

9/5/2023

RBA holds steady as Lowe bows out, markets bet tightening cycle over

The Reserve Bank of Australia (RBA) kept interest rates steady at 4.10% for a third consecutive month, suggesting that the tightening cycle may be over as policymakers gain control over inflation.

9/6/2023

Bank of Canada flags rates could go higher still, as it holds key interest rate steady

The Bank of Canada has decided to keep its benchmark interest rate at 5% amid signs of a slowing economy, but has not ruled out further rate hikes if inflationary pressures persist.

9/12/2023

Fed Seen Holding Rates Steady, But Tight Labor Market and Inflation Risks Could Delay Rate Cuts

The Federal Reserve is expected to keep its benchmark overnight interest rate unchanged and delay any rate cuts until at least 2024, according to a Reuters poll of economists, despite some suggesting that another rate hike might be needed to address inflation.

9/14/2023

Pakistan Inflation Projected to Ease Despite Global Oil Price Surge

The State Bank of Pakistan has announced that it will maintain its key policy rate at 22%, citing a continuing declining trend in inflation, improved agricultural outlook, and recent administrative and regulatory measures to address supply constraints and illegal activity. The bank hopes that inflation will subsequently decline in October.

9/16/2023

Fed Meeting Next Week May Signal End to Aggressive Rate Hikes

The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, but market participants will be closely watching for any hints regarding future rate cuts.

9/20/2023

Fed Expected to Leave Rates Unchanged, But December Hike Still Possible

The Federal Reserve is expected to keep its policy rate unchanged, but the revision of the dot plot and comments from Chairman Jerome Powell could impact the valuation of the US Dollar.

9/20/2023

5 Ways to Earn Over 5% Yield on Your Cash Savings

The Federal Reserve's decision to leave interest rates unchanged means that savers and individuals with surplus cash have the opportunity to earn a higher return on their money than in recent years, with online banks offering high-yield savings accounts that can provide a return above inflation.

9/21/2023

SNB Holds Rates Steady After 5 Hikes But Warns More Tightening May Come as Swiss Inflation Remains Subdued

The Swiss National Bank keeps interest rates unchanged at 1.75% and hints that further tightening may be necessary to ensure price stability, while also warning of a possible global economic slowdown and addressing the risk of energy shortage in Europe.

Topics

Posted 9/4/2023, 9:47:00 PM

Morning Bid: Aussie rate decision, Asian markets on a roll

reuters.com

Relevant topic timeline:

8/30/2023

Bank of Canada to hold rates steady on Sept. 6; home prices to fall in 2023

9/5/2023

RBA holds steady as Lowe bows out, markets bet tightening cycle over

The Reserve Bank of Australia (RBA) kept interest rates steady at 4.10% for a third consecutive month, suggesting that the tightening cycle may be over as policymakers gain control over inflation.

9/6/2023

Bank of Canada flags rates could go higher still, as it holds key interest rate steady

The Bank of Canada has decided to keep its benchmark interest rate at 5% amid signs of a slowing economy, but has not ruled out further rate hikes if inflationary pressures persist.

9/12/2023

Fed Seen Holding Rates Steady, But Tight Labor Market and Inflation Risks Could Delay Rate Cuts

9/14/2023

Pakistan Inflation Projected to Ease Despite Global Oil Price Surge

9/16/2023

Fed Meeting Next Week May Signal End to Aggressive Rate Hikes

The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, but market participants will be closely watching for any hints regarding future rate cuts.

9/20/2023

Fed Expected to Leave Rates Unchanged, But December Hike Still Possible

The Federal Reserve is expected to keep its policy rate unchanged, but the revision of the dot plot and comments from Chairman Jerome Powell could impact the valuation of the US Dollar.

9/20/2023

5 Ways to Earn Over 5% Yield on Your Cash Savings

9/21/2023

SNB Holds Rates Steady After 5 Hikes But Warns More Tightening May Come as Swiss Inflation Remains Subdued