Standard Chartered Bank: The Reserve Bank of Australia will remain on hold this week and is expected to cut interest rates again
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最新报道：According to Bijie.com, ME News, on September 29 (UTC+8), Standard Chartered Bank maintained its previous view that the Reserve Bank of Australia will hold the cash rate at 3.60% at its meeting on September 30. Recent Australian economic data has been unexpectedly positive. The annual CPI rate in August was 3.0% (compared to 2.8% in July), while the deflator inflation rate fell from 2.7% to 2.6%. Despite the lackluster labor market report in August, household spending remained strong. "Our baseline view remains that the Reserve Bank of Australia will cut interest rates by another 25 basis points in the fourth quarter, with the terminal cash rate at 3.35%. However, the unexpected rise in the CPI in August, coupled with the solidifying economic recovery, increases the risk of a pause in the fourth quarter. The third quarter CPI data, expected to be released on October 29, will influence the Reserve Bank of Australia's future interest rate decisions."
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