Original article by Ronald Mizen
The Australian Financial Review – Page: 1 & 4 : 7-Feb-24

Investors have priced in a 41 per cent chance that the Reserve Bank of Australia will reduce the cash rate by June, compared with 53 per cent before the central bank left rates on hold at 4.35 per cent on Tuesday. RBA governor Michele Bullock says that while inflation fell to 4.1 per cent in the year to December, it remains too high for the central bank to begin easing monetary policy. She adds that the RBA will not begin doing so until it is confident inflation that will sustainably return to the target range of 2-3 per cent target; it does not expect this to happen until late 2025. Bullock also cautioned that further interest rate increases cannot be ruled out.

CORPORATES
RESERVE BANK OF AUSTRALIA