The Reserve Bank of Australia (RBA) has left its cash rate unchanged at 4.35% and the exchange settlement interest rate at 4.25%. The RBA emphasized the importance of consistent medium-term inflation expectations with the inflation target and highlighted that the possibility of an interest rate hike cannot be dismissed. The RBA also warned that inflation is still too high as it continues to moderate. Meanwhile, in Japan, household spending in December fell by 2.5% year on year, and real wages fell at a slower pace. Additionally, Japan's wage growth strengthened less than expected in December. In New Zealand, the unemployment rate for the fourth quarter rose to 4.0% from the previous 3.9%, while the employment change quarter on quarter was 0.4%. Japan's foreign reserves at the end of January were reported at $1291.792 billion, down from $1294.637 billion at the end of December.
Polandβs central bank leaves its benchmark interest rate unchanged for the fourth consecutive month as markets and policymakers weigh inflation risks https://t.co/jd2FzLdI78
π΄ SECURED OVERNIGHT FINANCING RATE 5.31% FEBRUARY 6 VS 5.31% FEBRUARY 5.
π΅π± Interest Rate Decision (Feb) Actual: 5.75% Expected: 5.75% Previous: 5.75% https://t.co/botBwnVkPQ
Heads Up:π΅π± Interest Rate Decision (Feb) due at 13:00 GMT (15min) Expected: 5.75% Previous: 5.75% https://t.co/botBwnVkPQ
China's #forex reserves totaled $3.2193 trillion at the end of January, a downtick of 0.58%, or $18.7 billion compared to the end of December 2023, data from the State Administration of Foreign Exchange showed on Wednesday. https://t.co/Deo5B7rxfg
French Trade Balance (EUR) Dec: -6.829B (prevR -5.939B) - Current Account Balance (EUR) Dec: -0.7B (prevR -2.9B)
π΄ FRENCH CURRENT ACCOUNT ACTUAL -0.7B (FORECAST -, PREVIOUS -2.8B) $MACRO
Heads Up:π«π· Balance of Trade (Dec) due at 07:45 GMT (15min) Expected: β¬-6B Previous: β¬-5.943B https://t.co/botBwnVkPQ
β οΈ THAI CENTRAL BANK HOLDS KEY RATE AT 2.50%, AS EXPECTED (Reuters) Thailand's central bank left its key interest rate unchanged for a second straight meeting on Wednesday, as expected, resisting government pressure to reduce borrowing costs to help revive faltering growth.β¦ https://t.co/cJQYqypCEG
The RBA issued a warning that βa further increase in interest rates cannot be ruled out,β wrongfooting markets and prompting traders to scale back rate-cut bets https://t.co/96lLJ3c4zr
πΉπ Interest Rate Decision Actual: 2.5% Expected: 2.5% Previous: 2.5% https://t.co/botBwnVkPQ
π¨π Unemployment Rate (Jan) Actual: 2.5% Previous: 2.3% https://t.co/botBwnVkPQ
Heads Up:πΉπ Interest Rate Decision due at 07:00 GMT (15min) Expected: 2.5% Previous: 2.5% https://t.co/botBwnVkPQ
Heads Up:π¨π Unemployment Rate (Jan) due at 06:45 GMT (15min) Previous: 2.3% https://t.co/botBwnVkPQ
π―π΅ Leading Economic Index Prel (Dec) Actual: 110.0 Expected: 109.4 Previous: 108.1 https://t.co/botBwnVkPQ
New Zealand labour pressures ease slightly, jobs market still tight https://t.co/7PYSxvoYGQ https://t.co/higFWp9t7z
π―π΅ Leading Economic Index Prel (Dec) Actual: 110.0 Expected: 109.4 Previous: 107.6 https://t.co/botBwnVkPQ
π―π΅ Coincident Index Prel (Dec) Actual: 116.2 Previous: 114.6 https://t.co/botBwnVkPQ
π―π΅ Japan Leading Index (MoM) (Dec) $JPY Actual: 1.9% Previous: -1.3%
Heads Up:π―π΅ Coincident Index Prel (Dec) due at 05:00 GMT (15min) Previous: 114.6 https://t.co/botBwnVkPQ
Heads Up:π―π΅ Leading Economic Index Prel (Dec) due at 05:00 GMT (15min) Expected: 109.4 Previous: 107.6 https://t.co/botBwnVkPQ
The Reserve Bank board says "a further increase in interest rates cannot be ruled out", but economists and financial traders still believe the next move in rates will be down. https://t.co/9NK3VuBPLz
π΅π Unemployment Rate (Dec) Actual: 3.1% Previous: 3.6% https://t.co/botBwnVkPQ
Heads Up:π΅π Unemployment Rate (Dec) due at 01:00 GMT (15min) Previous: 3.6% https://t.co/botBwnVkPQ
π΄ JAPAN'S FOREIGN RESERVES AT THE END OF JANUARY WERE $1291.792 BILLION, DOWN FROM $1294.637 BILLION AT THE END OF DECEMBER, ACCORDING TO THE MINISTRY OF FINANCE.
π―π΅ Japan Foreign Reserves (USD) (Jan) $JPY Actual: 1,291.8B Previous: 1,294.6B
π΄ SOUTH KOREA'S CURRENT ACCOUNT BALANCE FOR DECEMBER 2023 STANDS AT A PROVISIONAL $7.41 BILLION, COMPARED TO $3.89 BILLION IN NOVEMBER, ACCORDING TO THE CENTRAL BANK.
π΄ S. KOREAN CURRENT ACCOUNT BAL NSA ACTUAL 7.4146B (FORECAST -, PREVIOUS 4.06B) $MACRO
New Zealand unemployment rose less than expected at the end of last year, adding to signs that the central bank could remain cautious about cutting interest rates https://t.co/oVQzdTQ394
β οΈ NEW ZEALANDβS JOBLESS RATE RISES TO 4.0% IN THE FOURTH QUARTER Full Story β https://t.co/XVI3Mtiy84 https://t.co/m6pdB6zoKn
π΄ NEW ZEALAND UNEMPLOYMENT RATE DECEMBER REPORT https://t.co/Lqd0MPRxl9
π³πΏ Employment Change QoQ (Q4) Actual: 0.4% Expected: 0.3% Previous: -0.2% https://t.co/VlGmLOz0Az
π³πΏ Unemployment Rate (Q4) Actual: 4% Expected: 4.2% Previous: 3.9% https://t.co/VlGmLOz0Az
π΄ NEW ZEALAND UNEMPLOYMENT RATE ACTUAL 4% (FORECAST 4.3%, PREVIOUS 3.9%) $MACRO
π³πΏ New Zealand Participation Rate (Q4) $NZD Actual: 71.90% π΄ Expected: 72.00% Previous: 72.00%
π³πΏ New Zealand Unemployment Rate (Q4) $NZD Actual: 4.0% π΄ Expected: 4.3% Previous: 3.9%
π³πΏ New Zealand Employment Change (QoQ) (Q4) $NZD Actual: 0.4% π’ Expected: 0.3% Previous: -0.2%
π³πΏ New Zealand Labor Cost Index (YoY) (Q4) $NZD Actual: 3.9% π’ Expected: 3.8% Previous: 4.1%
π³πΏ New Zealand Labor Cost Index (QoQ) (Q4) $NZD Actual: 1.0% π’ Expected: 0.8% Previous: 0.8%
Heads Up:π³πΏ Unemployment Rate (Q4) due at 21:45 GMT (15min) Expected: 4.2% Previous: 3.9% https://t.co/VlGmLOz0Az
Heads Up:π³πΏ Employment Change QoQ (Q4) due at 21:45 GMT (15min) Expected: 0.3% Previous: -0.2% https://t.co/VlGmLOz0Az
RBA signals further tightening remains possible. Read today's Australia Briefing by @ainsley_thomson for your daily dose of the best of Bloomberg from Down Under and around the world. https://t.co/IzUqvskrRc
Looks like RBA now believes NAIRU is 4.4%, still better than the circa 5% pre-pandemic but it seems to be creeping higher each quarter.
(New from me): Thought we were on track for a rate cut? For now, the RBA says itβs time to come back to earth https://t.co/MWkPm3odth
π΄ EFFECTIVE FED FUNDS RATE 5.33% FEBRUARY 5TH VS 5.33% FEBRUARY 2ND.
π΄ SECURED OVERNIGHT FINANCING RATE 5.31% FEB. 5TH VS 5.32% FEB. 2ND
Reserve Bank Governor Michele Bullock has warned that another interest rate hike is on the cards. The official cash rate held steady at 4.35 per cent. To discuss the decision, weβre joined by finance expert Andrew Page. @sage_simian https://t.co/2pm0avDK56 #TheLatest #7NEWS https://t.co/AURLNfU2pv
RBA Shifts to Neutral Stance on Interest Rates - WSJ https://t.co/cnNM5dQDCK
β οΈ AUSTRALIA CENTRAL BANK SHAKES OFF βTAYLOR SWIFT INFLATIONβ FEARS (Reuters) Reserve Bank of Australia Governor Michele Bullock said on Tuesday the βTaylor Swift inflationβ effect has forced some spending adjustments, including in her own children, but played down the policyβ¦ https://t.co/4zJLDXt3tl
Mixed messages from the Reserve Bank Governor today as she explained the call to keep interest rates steady at 4.35 per cent. Michele Bullock says a hike is still possible while two cuts are also on the cards if inflation continues to ease. @ChrisKohler #9News https://t.co/yewj0TfZIi
π―π΅ (Reuters) - Japan's real wages fell for a 21st straight month though at a slower pace, while household spending dropped for a tenth consecutive month, showing that inflation outpaced wage recovery and continued to weigh on consumer spending. Japan's wage trend, along withβ¦ https://t.co/FaU5NEinE7
Japanese wage growth strengthened less than expected in December while still showing signs of sufficient underlying momentum to keep the Bank of Japan on track to end its negative rate regime in the coming months. https://t.co/gDwxHCCzUQ
The Reserve Bank board has warned it is prepared to keep raising interest rates to combat high inflation, despite holding the cash rate steady at 4.35 per cent on Tuesday and assuming rates will be lower by the yearβs end. https://t.co/xPFwcVw0Sj
Australia's central bank holds rates, warns of possible further hike https://t.co/V3b4SmYiQ8 https://t.co/iJ1zg2sEht
The Reserve Bank of Australia has kept the door open for another rate hike after announcing it has kept the cash rate on hold. https://t.co/uP7XtjpS6M
π¦πΊ (Reuters) -Australia's central bank held interest rates steady on Tuesday as expected, but cautioned that a further increase could not be ruled out given inflation was still too high and it needed to see more evidence that price pressures were cooling. The hawkish tone ofβ¦ https://t.co/GDFql35lOt
Japan's Dec real wages fall, but at slower pace https://t.co/PuN6Gguyd9 https://t.co/EBLIlwKN2p
AUDUSD made slight gains this morning after the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35% during its February policy meeting, as expected. However, it cautioned that future rate hikes could not be ruled out due to persistently high inflation. The RBAβ¦
The Australian Central Bank holds its interest rates.
The RBA keeps rates at 12-year high and signals a higher bar for hikes, as economists expect it will be the last dollar-bloc central bank to cut https://t.co/ne92ZxDpAP
#BREAKING: The RBA has kept interest rates on hold, with the cash rate staying at 4.35 per cent. #9News FULL STORY: https://t.co/PjWa1XNU9z https://t.co/sJLt2zgJVV
β οΈ AUSTRALIA'S CENTRAL BANK HOLDS CASH RATE AT 4.35% Full Story β https://t.co/TVTZxcWImS https://t.co/sWTV7MG7o8
RBA: Further Increase In Interest Rates Can't Be Ruled Out - Inflation To Fall A Little Faster Than Previously Thought Due To Goods, Service Inflation Still High - Forecast Period Of Subdued Growth Will Help Bring Economy Back Into Balance - Labour Market To Ease Further, Be⦠https://t.co/dEOLbCZrUF
The RBA has kept interest rates on hold at 4.35 per cent after its first two-day meeting, but warns inflation is still too high as it continues to moderate. Follow live. https://t.co/QyCUqYoafT
β οΈ AUSTRALIA CENTRAL BANK TRIMS INFLATION AND GROWTH OUTLOOK, WARNS DEMAND STILL TOO HIGH Full Story β https://t.co/ZG3JWv256A
#BREAKING: The Reserve Bank of Australia has kept interest rates on hold despite economic data showing that inflation is decreasing faster than expected. #9News https://t.co/D8OaxJYtOs
RBA holds rates steady at first two-day meeting https://t.co/wFmLCUTKRq
#BREAKING: The RBA has made its first rates call of 2024 β delivering relief to millions. Now, one big four economist has declared the battle with inflation is over. https://t.co/alsAYzTXHb
The Reserve Bank board has held interest rates steady at 4.35 per cent following its first-ever two-day meeting as the economy continues to slow. https://t.co/xPFwcVw0Sj
RBA Cash Rate Unchanged At 4.35%, AS Expected $AUDUSD
π΄ RBA HIGHLY ATTENTIVE TO INFLATION RISKS AS ECONOMIC OUTLOOK REMAINS UNCERTAIN
*RBA LEAVES CASH RATE TARGET AT 4.35% *RBA: FURTHER INCREASE IN INTEREST RATES CANNOT BE RULED OUT
π΄ RBA: WAGES GROWTH ACCELERATES, EXPECTED TO STABILIZE AND MEET INFLATION TARGET
π΄ RBA: LABOUR MARKET CONDITIONS TIGHTER THAN CONSISTENT WITH SUSTAINED FULL EMPLOYMENT, INFLATION AT TARGET
π΄ RBA EMPHASIZES IMPORTANCE OF CONSISTENT MEDIUM-TERM INFLATION EXPECTATIONS WITH INFLATION TARGET
π΄ RBA BOARD REQUIRES CONFIDENCE IN SUSTAINABLE MOVEMENT OF INFLATION TOWARDS TARGET RANGE
π΄ RBA PRIORITIZES BRINGING INFLATION BACK TO TARGET WITHIN A REASONABLE TIMEFRAME
π΄ RBA: SERVICE PRICE INFLATION DECLINES GRADUALLY IN LINE WITH EARLIER FORECASTS, YET STILL REMAINS HIGH
π΄ RBA: INTEREST RATE PATH DEPENDS ON DATA FOR TARGET INFLATION
π΄ RBA: LOWER-THAN-ANTICIPATED GOODS PRICE INFLATION COMPARED TO NOVEMBER FORECASTS
(Breaking from me): RBA leaves official interest rate on hold fuelling hopes mortgage repayment pain has peaked https://t.co/2UDZcSlLyU
RBA leaves official interest rate on hold fuelling hopes mortgage repayment pain has peaked https://t.co/ptGGyApyFx
π΄ RBA: POSSIBILITY OF INTEREST RATE HIKE CANNOT BE DISMISSED
π΄ RBA: INFLATION EASES FURTHER IN DECEMBER QUARTER
π΄ RESERVE BANK OF AUSTRALIA LEAVES CASH RATE TARGET AND EXCHANGE SETTLEMENT INTEREST RATE UNCHANGED AT 4.35% AND 4.25% RESPECTIVELY; INFLATION STILL MODERATING.
π¦πΊ RBA Interest Rate Decision Actual: 4.35% Expected: 4.35% Previous: 4.35% https://t.co/VlGmLOz0Az
Breaking: RBA has left its cash rate unchanged at 4.35% - as expected by economists.
π΄ β οΈ BREAKING: RBA CASH RATE ACTUAL 4.35% (FORECAST 4.35%, PREVIOUS 4.35%) $MACRO
π¦πΊ Australia RBA Interest Rate Decision (Feb) $AUD Actual: 4.35% Expected: 4.35% Previous: 4.35%
Japan Real Wages Fall at Steepest Pace in 9 Years in 2023 https://t.co/ODRMv53XqJ
Heads Up:π¦πΊ RBA Interest Rate Decision due at 03:30 GMT (15min) Expected: 4.35% Previous: 4.35% https://t.co/VlGmLOz0Az
Japan's Dec real wages, household spending fall again https://t.co/ANkfqFeF9u https://t.co/AFrcchUZmi
Japan's household spending in December falls 2.5% on year https://t.co/ufsb7Oru1S
π΅π Inflation Rate YoY (Jan) Actual: 2.8% Expected: 3.1% Previous: 3.9% https://t.co/VlGmLOz0Az
Heads Up:π΅π Inflation Rate YoY (Jan) due at 01:00 GMT (15min) Expected: 3.1% Previous: 3.9% https://t.co/VlGmLOz0Az
π¦πΊ Australia Retail Sales (QoQ) (Q4) $AUD Actual: 0.3% Previous: 0.2%
Japanese wage growth strengthened less than expected in December while still showing signs of sufficient underlying momentum to keep the Bank of Japan on track to end its negative rate regime in the coming months https://t.co/pCXs5t1AOU
π¬π§ BRC Retail Sales Monitor YoY (Jan) Actual: 1.4% Previous: 1.9% https://t.co/VlGmLOz0Az
π΄ BRITISH RETAIL CONSORTIUM SEES 1.4% YEAR ON YEAR INCREASE IN LIKE-FOR-LIKE SALES IN JANUARY, DOWN FROM 1.9% IN DECEMBER.
UK BRC Sales Like-For-Like (Y/Y) Jan: 1.4% (est 1.0%; prev 1.9%)
π¬π§ United Kingdom BRC Retail Sales Monitor (YoY) (Jan) $GBP Actual: 1.4% π’ Expected: 1.2% Previous: 1.9%
Heads Up:π¬π§ BRC Retail Sales Monitor YoY (Jan) due at 00:01 GMT (15min) Previous: 1.9% https://t.co/VlGmLOz0Az
Japanese Household Spending (Y/Y) Dec: -2.5% (est -2.0%; prev -2.9%)
Japanese Labour Cash Earnings (Y/Y) Dec: 1.0% (est 1.4%; prev 0.7%) - Real Cash Earnings (Y/Y): -1.9% (est -1.5%; prev -2.5%)
π―π΅ Japan Average Cash Earnings (YoY) (Dec) $JPY Actual: 1.0% π΄ Expected: 1.3% Previous: 0.2%
β οΈ JAPAN'S DEC REAL WAGES FALL, BUT AT SLOWER PACE Full Story β https://t.co/3gGTh2liXi https://t.co/CY7nCYPIsQ
π΄ JAPAN HOUSEHOLD SPENDING IN DECEMBER FALLS BY 0.9% MONTH ON MONTH, CONTRARY TO SOURCE POLL FORECASTING A 0.2% INCREASE, SAYS GOVT.
π΄ JAPAN DECEMBER HOUSEHOLD SPENDING FALLS 2.5% YEAR ON YEAR: GOVERNMENT (SOURCE POLL: -2.1%)
π―π΅ Household Spending YoY (Dec) Actual: -2.5% Expected: -2.1% Previous: -2.9% https://t.co/6oh9OmRuiN
Ahead of today's RBA interest rate decision and updated forecasts, the major banks are forecasting a cut until well into the second half of 2024. (Source: @RateCity ) https://t.co/ndDWUW6H8z
Experts are predicting the RBA will keep rates steady today, with an interest rate cut not likely until August. #9News https://t.co/TRyQsa6FIE
ANALYSIS: Leaving the cash rate unchanged today is all but a foregone conclusion for the RBA. Behind closed doors, you can't help but wonder if November's rate hike was a mistake as the economy cools, writes Ian Verrender. https://t.co/ZhcfsV9LTU
The RBA is poised to announce its next decision on interest rates today, but one analyst has warned the banks may play a βgame of chickenβ when it comes to cuts. https://t.co/alsAYzTXHb
Households are set to save hundreds every month when the RBA begins to cut rates, but it is likely to be bad news for first home buyers with property prices set to soar. Find out more: https://t.co/UJDm2Csc1y https://t.co/7HQNUt9ryr
π΄ EFFECTIVE FED FUNDS RATE 5.33% FEBRUARY 2 VS 5.33% FEBRUARY 1.