Big changes at the Reserve Bank of Australia – policy meeting dates for 2024 announced

Reserve Bank of Australia meetings were easy, the first Tuesday of each month except for January. That ‘first Tuesday of the month’ will be the case for August, September, October, November and December 2023.

From 2024, changes are afoot! As part of the shifting the deckchairs on the Satanic RBA Review the Bank has moved to eight policy meetings a year.

2024 Reserve Bank Board meetings

• 5–6 February
• 18–19 March
• 6–7 May
• 17–18 June
• 5–6 August
• 23–24 September
• 4–5 November
• 9–10 December

A note for the diary!

More here:

• The meetings will be longer than is currently the case, typically starting on the Monday afternoon and then continuing on the Tuesday morning.

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The current cash and inflation rates from the RBA website:

Earlier today:

• ICYMI – NAB changed forecast for RBA next week to ‘on hold’ (prior was +25bp rate hike)
• Goldman Sachs lowered their terminal RBA rate forecast to 4.6% (previously at 4.8%)

This article was written by Eamonn Sheridan at www.forexlive.com. Source