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INTEREST RATES - ASX

At its meeting on the 4th of February 2020, the Board of the Reserve Bank Of Australia decided to leave the cash rate unchanged at 0.75%.

The next RBA Board meeting will be held on March 3, 2020 followed by the next Official Cash Rate announcement.

As at the 4th of February 2020, the ASX 30 Day Interbank Cash Rate Futures March 2020 contract was trading at 99.325, indicating a 33% expectation that the interest rate would decrease to 0.50% and an 67% expectation that the interest rate will remain unchanged at the next RBA Board meeting (see ASX Target Rate Tracker for updated details).

 

INTEREST RATES - CAMA

An alternative and/or complementary view to the Market’s opinion can be found on Australian National University’s Centre for Applied Macroeconomic  Analysis (CAMA)’s website. 

CAMA provides a “Shadow Board” of eminent Economists that meet the evening before the monthly RBA meeting and make policy recommendations and express their own assessment of the probabilities, both in graph form (3 different time periods) and in commentary about the current economic state of Australia and in an International context over each month. 

The Current Month's Outcome and Commentary plus an explanation of their role, members, and opinions (including a history of their previous Outcomes and Comments) can be found by following this link to the CAMA RBA Shadow Board's Web Page.

 

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