{"id":145709,"date":"2018-11-04T22:51:43","date_gmt":"2018-11-04T11:51:43","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/auarticles\/expection-from-the-rba\/"},"modified":"2021-04-14T15:58:36","modified_gmt":"2021-04-14T05:58:36","slug":"expection-from-the-rba","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/expection-from-the-rba\/","title":{"rendered":"What to expect from the RBA this Tuesday?"},"content":{"rendered":"
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Australian\u2019s weak inflation report this week has set the tone for the RBA\u2019s Rate Statement next Tuesday. The underlying inflation reading remains well below the RBA\u2019s target 2-3% for the 11th consecutive quarter. There is no doubt that the Australian inflationary outlook remains feeble. Some cyclical and structural headwinds are preventing wages and other inflationary pressures to climb higher.<\/p>\n

Even though the economy is on its 27th<\/sup> year without a recession, the Australian economy is trapped with very high household debt. A subdued wage growth and high household debt are putting a squeeze on consumer spending. It is hard to see consumer spending continue to stay strong in the upcoming quarters.<\/p>\n

There are some bright spots such as net exports, public spending and capital expenditure that are relatively solid to stimulate the economy but there are no signs of significant inflationary pressures from leading indicators across categories in the near-term for the RBA to increase interest rate.<\/p>\n

\u201cPatience is the key here.\u201d <\/strong>Unemployment rate is coming down gradually and will eventually push wages higher at some point. Therefore, even though the CPI figures were disappointing, it is too early to speculate about a rate cut or any changes for that matter. The RBA was expecting both headline and underlying inflation to undershoot under their target range.<\/p>\n

We therefore expect the RBA to maintain its usual stance on inflationary outlook and keep interest rate on hold.<\/strong><\/p>\n<\/div>\n

This article is written by a Wixad Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Australian\u2019s weak inflation report this week has set the tone for the RBA\u2019s Rate Statement next Tuesday. The underlying inflation reading remains well below the RBA\u2019s target 2-3% for the 11th consecutive quarter. There is no doubt that the Australian inflationary outlook remains feeble. Some cyclical and structural headwinds are preventing wages and other inflationary […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2805],"tags":[],"class_list":["post-145709","post","type-post","status-publish","format-standard","hentry","category-central-banks"],"acf":[],"yoast_head":"\nWhat to expect from the RBA this Tuesday? - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/expection-from-the-rba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to expect from the RBA this Tuesday? - Wixad\" \/>\n<meta property=\"og:description\" content=\"Australian\u2019s weak inflation report this week has set the tone for the RBA\u2019s Rate Statement next Tuesday. 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The underlying inflation reading remains well below the RBA\u2019s target 2-3% for the 11th consecutive quarter. There is no doubt that the Australian inflationary outlook remains feeble. Some cyclical and structural headwinds are preventing wages and other inflationary ","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/a-pivotal-moment-for-sterling\/","type":"next","category":"forex-trading"},"previous":{"id":145706,"slug":"preview-bank-of-england-rate-decision","title":"Preview: Bank of England Rate Decision","date":"2018-10-31 16:34:40","excerpt":"Australian\u2019s weak inflation report this week has set the tone for the RBA\u2019s Rate Statement next Tuesday. The underlying inflation reading remains well below the RBA\u2019s target 2-3% for the 11th consecutive quarter. There is no doubt that the Australian inflationary outlook remains feeble. 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