19 September 2023 (Tuesday, 9.30am SGT): Australia’s RBA meeting minutesĪt its September meeting, the RBA kept its cash rate on hold at 4.10% for a third consecutive month, justifying its decision that further time may be needed to assess the impact of a cumulative 400 basis-point (bp) of rate hikes and evidence that a sustainable rebalancing between supply and demand is underway. ![]() We will also have the meeting minutes out of the Reserve Bank of Australia (RBA) in focus. Next week will bring a series of central bank meetings into focus, notably from the US Fed, Bank of England (BoE) and Bank of Japan (BoJ). ![]() As a reflection of the still risk-on environment, the VIX is back at its year-to-date low while major US indices registered its one-week high. Risk sentiments have been largely unscathed by the recent pull-ahead in US headline pricing pressures, as continued moderation in both the core producer and consumer prices still warrants room for the Federal Reserve (Fed) to head towards its final phase of tightening.
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