B · Normal
[Minor adjustments to the Reserve Bank of Australia's forward guidance, deleting the timetable for inflation to return to the target] September 29th, analyst Justin Low said that the Reserve Bank of Australia made slight adjustments to the forward guidance in its latest monetary policy statement, deleting the previous timetable for when inflation will return to the target range. In August, the Reserve Bank of Australia said: "Inflation remains too high. It is not expected that inflation will fall back to near the midpoint of the target range until the end of 2027, and this forecast faces upward risks." However, in today's statement, the Reserve Bank of Australia no longer gave a specific timetable, but adjusted its wording to say: "Inflation remains too high. The Committee believes that, in view of recent changes in the situation, further tightening of financial conditions is necessary to support inflation to return to the target within a reasonable time." In addition, the Reserve Bank of Australia continued to reserve the statement of further raising interest rates if necessary. This means that the central bank may still continue to tighten policy if price pressures persist and lead to upward risks to the inflation outlook. However, there are also slight changes in wording. Previously, the Reserve Bank of Australia emphasized "if upward risks materialize", but this time it changed it to "if necessary."
Global market intelligence 🕐 2026-09-29 12:44

Related telegraphs

Comments

0/500
Captcha (click to refresh)
No comments yet